Business
Supremex announces acquisition of Bowers Envelope Company Inc., further strengthens its presence in the USA
Supremex announces acquisition of Bowers Envelope Company Inc., further strengthens its pr...
About this update from Supremex Inc.
[{"type":"text","content":"\n\n\n\nSupremex announces acquisition of Bowers Envelope Company Inc., further strengthens its presence in the USA\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSupremex announces acquisition of Bowers Envelope Company Inc., further strengthens its presence in the USA\nCanada NewsWire\nMONTREAL, Aug. 29, 2016\n\n\n\nMONTREAL, Aug. 29, 2016 /CNW Telbec/ - Supremex Inc. (\"Supremex\" or the \"Company\") (TSX: SXP), a leading North American manufacturer and marketer of a broad range of stock and custom envelopes and growing provider of packaging and specialty products, today announced it has acquired substantially all of the assets of Bowers Envelope Company Inc., a manufacturer and printer of envelopes based in Indianapolis, Indiana. \n\n\"This acquisition, while relatively small, aligns with our strategy to extend our reach in key markets and to expand our value added offering in packaging and specialty products,\" said Stewart Emerson, President and CEO of Supremex. \"Bowers Envelope is a well-known brand strategically located less than 300 kms from Chicago at 'The Crossroads of America\" in a robust envelope market and a major hub for e-commerce distribution.\" \n\n\"We believe our cross-country Canadian operations, our Massachusetts, New York and now Mid-West facilities' capabilities and scale, allows us to be a bona fide regional player in the U.S. Market.  With the addition of Bowers Envelope, Supremex is now well-positioned to serve approximately 60% of the U.S. envelope market,\" added Mr. Emerson.\n\nFounded in 1928, Bowers Envelope Company Inc. employs approximately 50 people at its 75,000-square-foot facility located in Indianapolis, Indiana. In 2015, Bowers generated approximately US$8.5 million in revenues from the sale of stock and custom envelopes through a variety of sales channels. Mike Daniel, the current General Manager and a graduate of the Harvard Business School, will continue to lead the local operation and its team of skilled and talented individuals. \n\n\"We are excited to join the Supremex organization. Their operational record speak...