Cenveo Sells CED to Ennis for $47.25M

STAMFORD, CT—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 and apparel, headquartered in Midlothian, TX, for approximately $47.25 million in cash and the assumption of certain trade liabilities. The closing, which is expected to be on or before Sept. 27, is subject to the completion of normal due diligence procedures and the consummation of a definitive purchase agreement between the two parties.