Log In | Become a Member | Contact Us


Market Intelligence for Printing and Publishing

Connect on Twitter | Facebook | LinkedIn

Featured:     Printing Forecast 2018     Production Inkjet     Installations and Placements Tracker

Cenveo Announces Sale of Office Products Envelope Business

Thursday, November 09, 2017

Press release from the issuing company

STAMFORD, Conn. - Cenveo, Inc. (NASDAQ: CVO) today announced that its wholly-owned subsidiary, Cenveo Corporation, has sold its office products envelope business commonly known as Quality Park Products, to LSC Communications (NYSE: LKSD), a global leader in traditional and digital print-related services and office products.  The sale involves two facilities located in the U.S.

Robert G. Burton, Sr., Chairman and Chief Executive Officer stated:  "Cenveo's Quality Park Products has built its leading position and strong reputation on servicing the office product markets to meet a variety of business customer needs.  This divestiture allows Cenveo to focus on our core operations including labels, direct envelopes, print and content management.  We remain committed to executing our plan of operating niche growth businesses while using our cash flow to invest in and grow our higher margin product groups and de-leveraging our balance sheet." 

Hughes Hubbard & Reed acted as legal advisor to the Company.

 

 

Post a Comment

To post a comment Log In or Become a Member, doing so is simple and free

 

SHARE

Email Icon Email

Print Icon Print


Become a Member

Join the thousands of printing executives who are already part of the WhatTheyThink Community.

Copyright © 2018 WhatTheyThink. All Rights Reserved