Cenveo completes acquisition of Nashua Corporation
Monday, September 21, 2009
Press release from the issuing company
STAMFORD, CT – Cenveo, Inc. announced today that it completed its previously announced acquisition of New Hampshire-based Nashua Corporation, a recognized leader in the label and specialty paper markets.
The combined company is one of the largest manufacturers of pharmaceutical, scale and shelf labels in the United States, serving customers in the pharmacy, retail, and grocery markets as well as a leader in the point of sale and wide-format printing markets.
Under the terms of acquisition, which was approved today at a meeting of Nashua shareholders, each share of common stock of Nashua will be converted into (i) $0.75 per share in cash and (ii) 1.265 shares of Cenveo common stock.
Robert G. Burton, Chairman and Chief Executive Officer stated:
"Today marks the next step in achieving our goal of diversifying our product lines into the growth areas of the printing industry. We are excited about the benefits of this acquisition for all of our stakeholders and welcome our new shareholders and employees. This acquisition brings together two industry leaders, both of which have much to offer one another. We are impressed by the degree of synergy that is available and are working to ensure that we combine the best of both organizations."