Cenveo set to win on second try for National, in $25 million Ch 11 deal

摘要

Cenveo, the largest US envelope producer since its 2011 acquisition of MeadWestva-co's unit, moved to extend its market share significantly by purchasing No. 2 producer and bankrupt National Envelope for $25 million. Along with the $25 million, which includes a $20 million payment and $5 million in Cenveo common stock, Cenveo said it would sell National's "accounts receivables" to Hilco Receivables, a Northbrook, IL-based debt collection firm, and would sell National's inventory to merchant Southern Paper, a division of New York City-based Gould Paper.