7 February 2018
North Americas Largest Envelope Manufacture goes Bankrupt
STAMFORD—
Robert Burton CEO of Cenveo and formerly of Moore Business Forms
Robert Burton CEO of Cenveo and formerly of Moore Business Forms
 Cenveo the largest manufacture of envelopes in North America has filed for Chapter 11.The 99 year old company at one time know as Mail Well has about 40 plants in the US. With sales of  about $1.5 billion , debt of $1.4 and only assets go $790 million it was running out of cash. Envelopes made up 47% of their sales the rest was labels, commercial printing and publisher services. They had about 50 plants in the US and 5,200 employees. They blame the shift by marketers from the mailbox to the internet.
North America's largest envelope manufacture
North America's largest envelope manufacture
They are in the process of restructuring their debt. The bought National Envelope the previous largest envelope manufacture when it went under in 2000.
  They use to have operations in Canada. They sold off Supremex in 2006 in a public offering and  MM&T to Westrock several years ago. Supremex was a consolidation of various Canadian envelope companies ( Innova, Regional, Unique, DRG Globe)  Supremex is now either the 2nd or 3rd largest envelope manufacture in North America. Supremex limited exposure in the US with 2 plants. They have been diversifying into labels and packaging to reduce their exposure to the envelope market. 
Comments:
NEW ON THE JOB BOARD | RSS
CLICK HERE to post your job opening
CLASSIFIED | RSS
Company for sale
Company wanted
CLICK HERE to list your business opportunity in the printing industry
Most Recent News Comment
Rae Finlayson says:
Kodak sheds its last segment with growth prospects. They have failed to significantly penetrate the...
North Island Publishing PrintCAN Print Jobs Canada’s Estimators' & Buyers' Guide MastheadOnline Print World 2010 Design City
Graphic Monthly Print Equipment gutenbergs' guide COPA industrial print