May 21, 2009
by Canadian Packaging Staff
Early this month, Cenveo, Inc. announced the signing of a definitive merger agreement to acquire all the common shares of Nashua Corporation in a stock and cash transaction valued at approximately $44.4 million including the assumption of Nashua debt.
The deal will allow Cenveo to expand the range of products and services it offers customers, while also enhancing its existing offerings to the pharmaceutical, retail and grocery store shelves, and pressure sensitive label markets.
Founded in 1849, Nashua, with annual revenues of US $265 million in 2008 and operations across the United States, is a recognized leader in the label and specialty paper markets—a combination that will strengthen Cenveo’s position in pharmaceutical and shelf label market, and expand upon Nashua’s position in the point-of-sale and wide-format printing markets.
Cenveo, headquartered in Stamford, CT, is the third-largest graphic communications company in North America, managing and distributing print and related products for commercial printing and packaging, envelope, form, and label manufacturing, and publisher services.
For more information on Cenveo and the Nashua purchase, visit www.cenveo.com.