September
17, 2013—Cenveo Inc. today announced that it has executed a letter of intent to
sell its Custom Envelope Division (“CED”) to Ennis Inc., a manufacturer of
printed business products and apparel, headquartered in Midlothian, TX, for
approximately $47.25 million in cash and the assumption of certain trade
liabilities. The closing, which is expected to be on or before September 27,
2013, is subject to the completion of normal due diligence procedures and the
consummation of a definitive purchase agreement between the two parties.
Cenveo Officially Acquires National Envelope with Close of
Sale
National
Envelope is pleased to announce Cenveo has acquired substantially all of the
assets of National Envelope. The sale formally closed today after
receiving court approval to proceed on September 11, 2013. Cenveo
anticipates a full integration of the two companies by the end of the year, and
National Envelope will begin using the Cenveo name immediately.
