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Cenveo Inc., Stamford, Conn., 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.
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- People:
- Robert G. Burton
- Places:
- Stamford, Conn.
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