Cenveo Strikes Deal to Acquire Nashua Corp.
STAMFORD, CT—Cenveo has inked a definitive merger agreement to acquire all of the outstanding common shares of Nashua Corp. in a cash and stock deal valued at roughly $44 million. Nashua, a labels and specialty paper producer, posted sales of $265 million in 2008. The deal allows Cenveo to strengthen its position in the pharmaceutical and shelf label market and will expand upon Nashua's position in the point-of-sale and wide-format printing markets.
The deal has been approved by the board of directors for both companies and is expected to be completed this summer.