CENVEO INC. — REBUILDING WINNERS

“Just as we found at Moore and World Color, there are a lot of good people working at Cenveo. It’s just a matter of tearing back the management layers and identifying those people, giving them the opportunity to perform.”

Oliva notes that a fair amount of the company’s facilities suffered from overcapacity, and under-utilization was generating unacceptable profit margins. After seven months of the devastation stage, Cenveo appears to have hit the “bottoming out” phase. Burton also anticipates Cenveo being active on the M&A front and expanding its business platform (he has 55 deals to his credit). Equipment is being redeployed from shuttered facilities to optimize capacity, and those plants receiving the transferred gear will also see an influx in workers, according to Oliva.