Cenveo Inc Agreement To Sell Custom Envelope Division To Ennis Inc

Tuesday, 17 Sep 2013 08:30am EDT 

Cenveo, Inc announced that it has executed a letter of intent to sell its Custom Envelope Division (CED) to Ennis, Inc, a manufacturer of printed business products & apparel, headquartered in Midlothian, Texas, for approximately $47.25 million in cash and the assumption of certain trade liabilities. The closing, which is expected to be on or before September 27, 2013, is subject to the completion of normal due diligence procedures and the consummation of a definitive purchase agreement between the two parties. 

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