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National Envelope® Secures Asset Purchase Agreement with Cenveo®

21 Aug, 2013

Frisco, Texas – August 21, 2013 – National Envelope (“National” or the “Company”) announced today it has entered into a definitive Asset Purchase Agreement (APA) with Cenveo to sell substantially all of National’s operating assets.  The closing is subject to bankruptcy court approval and customary closing conditions and is expected to occur by the end of the 3rd quarter.

“We’re very happy with the outcome of the Chapter 11 proceedings.”  Jim Pinto, CEO, stated.  “All parties involved worked diligently to see that the company was sold through the bankruptcy process and received the best possible outcome.  This sale ensures the best result for all interested stakeholders, including debt holders, owners, creditors, customers and employees.”

National Envelope filed Chapter 11 on June 10th in order to facilitate a sale and has requested the US Bankruptcy Court for the District of Delaware authorize the Company to proceed with a sale of the assets of the business on September 13, 2013.

Pinto said “This transaction turns the page on the next chapter in the future of the Company, while bringing together two respected converters in an industry that can benefit from consolidation and improved earnings.”

National is being guided by PricewaterhouseCoopers, LLP as its financial advisors and Richards, Layton and Finger as legal counsel.
National wishes to assure its customers that a smooth integration is expected and that orders will continue to be produced and shipped in the normal course of business.

About National Envelope
National Envelope is the largest privately-held manufacturer of envelopes in North America. The company is an environmental leader in the paper and envelope converting industries with certifications from the Forest Stewardship Council (FSC), Rainforest Alliance, Sustainable Forestry Initiative® (SFI), Programme for the Endorsement of Forest Certification (PEFC), and Green Seal. The organization is also an EPA Green Power Partner. For more information about National Envelope, please visit http://www.nationalenvelope.com

About Cenveo
Cenveo (NYSE: CVO), headquartered in Stamford, Connecticut, is a leading global provider of print and related resources, offering world-class solutions in the areas of custom labels, specialty packaging, envelopes, commercial print, content management and publisher solutions. The company provides a one-stop offering through services ranging from design and content management to fulfillment and distribution. With a worldwide distribution platform, we pride ourselves on delivering quality solutions and service every day for our more than 100,000 customers. For more information please visit us at http://www.cenveo.com

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