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National Envelope filed for Chapter 11 bankruptcy protection Monday, its second such filing in three years.
NE Opco Inc., which does business as National Envelope, blamed its return to bankruptcy on a continued decline in sales as more people choose email over snail mail.
The company, which makes about 37 billion envelopes a year, said it will consider filing a plan of reorganization or selling its assets to the highest bidder at a bankruptcy court-overseen auction.
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