Cenveo Completes Sale of Its Long-Run Labels and Receipt Paper Assets

Cenveo Worldwide Limited has announced the sale of its long run labels and receipt paper assets to Iconex LLC (a portfolio company of Atlas Holdings). The sale includes the Joplin, MO and Jefferson City, TN plants as well as certain assets located in the Vernon, CA plant. Financial terms of the transaction were not disclosed.

Robert G. Burton, Jr., Chief Executive Officer of Cenveo said: “I would like to start by thanking our employees, customers and vendors for their dedication and support over the past several years. For both Cenveo and Iconex, this transaction creates additional opportunities to invest in growing our core businesses and to continue our focus on delivering high-quality products. Following this transaction, Cenveo will continue to be one of the leading manufacturers of envelope, custom labels and print related products and we look forward to continue working with our customers and vendors on growing these segments.”

“We’re excited to welcome our newest coworkers to the Iconex team,” said Craig A. Gunckel, Chief Executive Officer of Iconex. “This acquisition, which is fully aligned with our long-term growth objectives, will expand our highly differentiated label solutions business by adding new long-run label assets and solutions for Iconex to bring to the market.”

Source: Cenveo.

The preceding press release was provided by a company unaffiliated with packagePRINTING. The views expressed within do not directly reflect the thoughts or opinions of the staff of packagePRINTING.