Supremex acquires Royal Envelope in US
by CM Staff
Royal Envelope operates two facilities in the greater Chicago area, focusing primarily on higher-end, specialized, highly decorated envelopes for the direct mail market.
MONTREAL — Supremex Inc. has acquired all of the assets of Royal Envelope Corporation, an envelope manufacturer and lithography company located in Chicago.
This transaction was concluded for a total cash consideration of USD$18.7 million on a cash-free and debt-free basis plus USD$2 million for manufacturing equipment that was recently commissioned.
The company’s president and CEO, Steward Emerson, says they are very excited with the acquisition as it expands their reach in the “fragmented” U.S. envelope market.
“We expect this acquisition will generate significant synergies and additional operating efficiencies throughout our network. We are pleased that John, Matt and Mike Pusatera will remain with the Supremex team.”
Royal Envelope operates two facilities in the greater Chicago area, focusing primarily on higher-end, specialized, highly decorated envelopes for the direct mail market. Its workforce of 78 employees has developed an expertise in special format, coloured envelopes for direct mail applications.
Supremex says that for the 12-month period that ended on June 30, 2022, Royal Envelope generated sales of approximately USD $38.8 million.
