Bankrupt National Envelope Brings In $65M With 3-Way Sale

Law360, Wilmington (August 22, 2013, 6:13 PM EDT) -- Private equity-owned NE Opco Inc., which does business as National Envelope, struck a $65 million sales trifecta Wednesday as the bankrupt envelope maker announced a series of deals to parcel out its assets among three separate buyers.

The proposed transactions would see Connecticut-based printer Cenveo Inc. acquire National Envelope's operating assets for $25 million, Hilco Receivables LLC pick up accounts receivable for $25 million and Southern Paper LLC take on its inventory for $15 million, according to a sale motion filed in Delaware bankruptcy court....
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