Cenveo Completes the Sale of Its Long-Run Labels and Receipt Paper Assets to Iconex
Cenveo Worldwide Limited announced the sale of its long-run labels and receipt paper assets to Duluth, Georgia-based Iconex LLC, a portfolio company of Atlas Holdings. The sale includes the Joplin, Missouri, and Jefferson City, Tennessee plants, as well as certain assets located in the Vernon, California plant. Financial terms of the transaction were not disclosed.
Robert G. Burton Jr., CEO of Cenveo, released the following statement:
I would like to start by thanking our employees, customers and vendors for their dedication and support over the past several years. For both Cenveo and Iconex, this transaction creates additional opportunities to invest in growing our core businesses and to continue our focus on delivering high-quality products. Following this transaction, Cenveo will continue to be one of the leading manufacturers of envelopes, custom labels and print-related products, and we look forward to continue working with our customers and vendors on growing these segments.
"We're excited to welcome our newest coworkers to the Iconex team," said Craig A. Gunckel, CEO of Iconex. "This acquisition, which is fully aligned with our long-term growth objectives, will expand our highly differentiated label solutions business by adding new long-run label assets and solutions for Iconex to bring to the market."
For more information, visit www.cenveo.com.
The preceding press release was provided by a company unaffiliated with Print+Promo. The views expressed within do not directly reflect the thoughts or opinions of Print+Promo.