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Slide #41. Cenveo, Inc. — National Envelope
Cenveo, Inc. (CVO)
Cenveo, Inc. (NYSE: CVO) is pleased to announce the US Bankruptcy Court for the District of Delaware approved the sale of National Envelope's assets this afternoon. In conjunction with Hilco Receivables (acquiring substantially all the accounts receivable) and Southern Paper (purchasing the inventory), Cenveo will acquire substantially all of the assets of National Envelope. The parties expect the sale to formally close on Monday, September 16, 2013.
Cenveo is a holding company. Through its subsidiaries, Co. is engaged in the manufacturing of print-related products. Co.'s portfolio of products includes envelope converting, commercial printing, and label manufacturing. Co.'s segments include: Evelope, which provides direct mail products used for customer solicitations and transactional envelopes used for billing and remittance by end users; Print, which provides a range of print offerings to its customers including electronic prepress, and digital asset archiving; and Label, which produces a line of custom labels for a range of industries including manufacturing, warehousing, packaging, food and beverage, and health and beauty.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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