Cenveo Completes the Sale of Its Long-Run Labels and Receipt Paper Assets to Iconex
Cenveo Worldwide Limited 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, Tenn., plants, as well as certain assets located in the Vernon, Calif., 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 envelopes, 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."
The preceding press release was provided by a company unaffiliated with Printing Impressions. The views expressed within do not directly express the thoughts opinions of Printing Impressions