National Envelope sells
Nick Todaro, email@example.com
National Envelope has sold its operation to Cenveo, a printing and related services company headquartered in Stamford, Conn.
The announcement of a deal to purchase National Envelope came in August, with a purchase price of $20 million plus $5 million in common stock expected. That deal is expected to close in the middle of this month, with some estimates pointing to Sept. 16 as the target date for closure.
The sale includes elimination of some positions at the Ennis facility, including management positions.