Cenveo Announces Successful Management Buyout

Cenveo Worldwide Limited announced the successful completion of a management buyout of the business led by CEO Rob Burton Jr., president Mike Burton, CFO Mark Hiltwein and chief strat-egy officer Ayman Zameli. As a result of the transaction, Cenveo is now 100% owned by its man-agement with the Burton family being the majority shareholder.

“I am grateful for this opportunity and proud to have gained the trust of our shareholders to ac-complish this buyout,” said Rob Burton. “We have all worked very hard on rationalizing our plat-form and divesting non-strategic assets all while delivering superior returns to our shareholders.”

With this buyout, Cenveo is now exclusively an envelope focused business and the largest enve-lope converter in North America. Through this transaction, the existing Cenveo management team will remain in place and will continue to focus its efforts on serving the Company’s diverse and extensive envelope customer base.

“Cenveo is an established brand with a rich history and long experience in delivering innovative solutions to our customers,” Rob Burton said. “This deal represents the next chapter for the brand and the ambitious team members who have helped build it over many years.”

“The completion of this deal is a significant milestone for Cenveo. With our new structure, we are confident in our ability to continue to dedicate resources to serve our customers and focus on our future growth,” said Mike Burton.

Financial terms of the transaction were not disclosed; however, the company highlighted the low leverage it has at the close of the transaction.

“With our strong liquidity position and limited leverage, our balance sheet is in the best standing in the company’s history. This positions us well as we continue to pursue higher levels of service, quality, and support for our customers,” he said.

Cenveo is a leading North American manufacturer of envelopes with more than 100 years of expe-rience and approximately 30 billion envelopes manufactured annually. Headquartered in Stamford, CT, Cenveo’s team of more than 2,000 employees is focused on delivering quality products and service to some of the world’s most recognized brands. Cenveo operates 14 facilities nationwide.