Cenveo, Inc. (NYSE: CVO) announced that it has
entered into a definitive agreement to acquire substantially all of the
operating assets of National Envelope (“National” or the “Company”).
In conjunction with Cenveo’s agreement, Hilco Receivables has agreed to acquire
substantially all the accounts receivable and Southern Paper has agreed to
purchase the inventory of the Company. Cenveo’s purchase price is expected to
consist of approximately $20 million of cash and $5 million of Cenveo common
stock.
The closing is subject to Bankruptcy Court approval and customary closing conditions.
Cenveo expects that the acquisition of National will deliver approximately $300 million in incremental annual sales and $ 30 million of incremental EBITDA when the integration of the two companies is complete.
The closing is subject to Bankruptcy Court approval and customary closing conditions.
Cenveo expects that the acquisition of National will deliver approximately $300 million in incremental annual sales and $ 30 million of incremental EBITDA when the integration of the two companies is complete.
