Cenveo divests Custom Envelope Division to Ennis for $47.25M

|By:, SA News Editor

Cenveo (CVO +0.3%) sells its Custom Envelope Division to Ennis (EBF +1.7%) for $47.25M in cash and the assumption of certain trade liabilities. The unit generated $40M in sales in the last fiscal year.

The sale comes after Cenveo acquired National Envelope during the liquidation of NE Opco for $33M. The 2 transactions represent an increased focus at Cenveo on its core direct and office product envelope business.