Cenveo Announces Successful Management Buyout (piworld.com)

Cenveo Worldwide Limited (“Cenveo” or the “Company”) announced the successful completion of a management buyout of the business led by Chief Executive Officer, Rob Burton, Jr., President, Mike Burton, Chief Financial Officer, Mark Hiltwein, and Chief Strategy Officer, Ayman Zameli. As a result of the transaction, Cenveo is now 100% owned by its management with the Burton family being the majority shareholder.

Rob Burton, CEO of Cenveo said: “I am grateful for this opportunity and proud to have gained the trust of our shareholders to accomplish this buyout. We have all worked very hard on rationalizing our platform 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 envelope 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. Rob continued, “Cenveo is an established brand with a rich history and long experience in delivering innovative solutions to our customers. This deal represents the next chapter for the brand and the ambitious team members who have helped build it over many years.”
more at: https://www.piworld.com/article/cenveo-announces-successful-management-buyout/

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