Seeking Alpha

Cenveo divests Custom Envelope Division to Ennis for $47.25M

  • 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.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs