Busy Cenveo Sells Division, Acquires National Envelope

STAMFORD, CT—Cenveo Inc. has executed a letter of intent to sell its Custom Envelope Division (CED) to Ennis Inc., a manufacturer of printed business products and apparel, headquartered in Midlothian, TX, for approximately $47.25 million in cash and the assumption of certain trade liabilities.

Cenveo's CED is comprised of the WISCO envelope brand, which is produced at a facility in Tullahoma, TN, and the National Imprint Corp. (NIC) brand, which is produced at a facility in Claysburg, PA. They collectively generated approximately $40 million in sales in the previous fiscal year.