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3 November 2022
Supremex Buys American Envelope Manufacturer
MONREAL—
Supremex Canada's largest manufacturer of envelopes and a provider of paper-based packaging solutions, announced the acquisition the assets of Royal Envelope Corporation , an envelope manufacturer and lithography company located in Chicago. This transaction was concluded for a total cash consideration of US$18.7 million.
Founded in 1978, Royal operates two facilities in the greater Chicago
area, focusing primarily on higher-end, specialized, highly decorated envelopes for the direct mail market. Its highly skilled workforce of 78 employees has developed an expertise in special format, coloured envelopes for direct mail applications. For the 12-month period ended June 30, 2022, Royal generated sales of US$38.8 million. Supremex operates ten manufacturing facilities across four provinces in Canada and six manufacturing facilities in the United States employing approximately 865 people. Supremex is Canada's largest envelope manufacture and is a publically listed company on the TSX.
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