National Envelope Files for Chapter 11, Again

FRISCO, TX—Envelope manufacturer National Envelope has filed for Chapter 11 bankruptcy protection for the second time in the past three years, The Wall Street Journal reported. Its parent company, NE Opco, cited a continued decline in sales in its filing.

National Envelope said it would consider filing a plan of reorganization or selling its assets to the highest bidder via a bankruptcy court auction. National Envelope, which makes roughly 37 billion envelopes a year, claims to have fielded "significant interest" from potential suitors.