Cenveo, Inc. (NYSE: CVO) announced that through its subsidiaries, it has acquired Impaxx, Inc., the sole owner ofGilbreth Packaging Solutions, Inc., from affiliates of Aurora Capital Group, a Los Angeles private equity firm.
Gilbreth operates a state of the art facility located in Croydon, Pa.,
and has approximately 75 employees. Gilbreth uses multiple printing
technologies as a full-service manufacturer and marketer of full body shrink
sleeves (“FBSS”), tamper evident neck bands and medical and electronic
tubing. Gilbreth is a pioneer in the
FBSS industry and leverages its expertise by serving over 150 customers in a
wide variety of industries with an emphasis on the personal care,
pharmaceutical, nutraceutical, energy drink and food & beverage markets.
The terms of the transaction were not
Robert G. Burton, Sr., Cenveo chairman and chief executive
officer states, “The acquisition of Gilbreth expands our specialty packaging
into the growing shrink sleeve market. Gilbreth’s product line complements
Cenveo’s existing offerings and will
create immediate cross-selling opportunities for both companies’ customers. The
acquisition of Gilbreth, with its strong market reputation and strategic niche
product offerings, is another example of how we intend to continue to grow our
company by acquiring leaders in high growth sectors of the packaging industry.”
Cenveo, headquartered in Stamford, Conn., is a leader in the management and distribution of print and related products
The company provides its
customers with low-cost alternatives within its core businesses of labels and
forms manufacturing, packaging and publisher offerings, envelope production,
and printing, supplying one-stop solutions from design through fulfillment.
Cenveo delivers everyday for its customers through a network of production,
fulfillment, content management, and distribution facilities across the globe.
Report Abusive Comment