- SupremeX (SXP) has strategically acquired the Royal Envelope Corporation, an envelope manufacturer and lithography company
- Cash consideration was US$18.7 million plus US$2 million for recently commissioned manufacturing equipment
- For the 12 months ended June 30, 2022, Royal Envelope generated sales of approximately US$38.8 million
- SupremeX is a North American manufacturer and marketer of envelopes and a growing provider of paper-based packaging solutions
- SupremeX (SXP) is up by 0.43 per cent, trading at $4.70 per share
SupremeX (SXP) has strategically acquired the Royal Envelope Corporation.
Cash consideration was US$18.7 million plus US$2 million for recently commissioned manufacturing equipment.
Founded in 1978, Royal Envelope is an envelope manufacturer and lithography company operating two facilities in Chicago. It is focused on specialized, highly decorated envelopes for the direct mail market.
For the 12 months ended June 30, 2022, Royal Envelope generated sales of approximately US$38.8 million.
SupremeX expects the acquisition to generate significant synergies and operating efficiencies throughout its network.
“We are very excited with this acquisition that expands our reach in the fragmented U.S. envelope market and gives us a significant manufacturing presence in the U.S. Midwest,” said Stewart Emerson, President and CEO of SupremeX.
“Royal Envelope has established itself as one of the preeminent direct mail envelope manufacturers in North America, utilizing a modern fleet of envelope converting equipment, in-house lithographic printing and embellishing, targeting the financial services sector,” he added.
SupremeX is a North American manufacturer and marketer of envelopes and a growing provider of paper-based packaging solutions.
SupremeX (SXP) is up by 0.43 per cent, trading at $4.70 per share as of 12:11 pm ET.