Cenveo, Inc. Files Plan of Reorganization and Disclosure Statement

Cenveo, Inc. (OTCPK: CVOVQ) (the “Company”), a diversified manufacturer of print-related products including envelopes, custom labels, commercial print, and publisher solutions, today announced that it has filed a Chapter 11 plan of reorganization (the “Plan”) and related disclosure statement (“Disclosure Statement”) with the United States Bankruptcy Court for the Southern District of New York, White Plains. The Plan outlines a proposed path to strengthen the Company’s balance sheet, increase its financial flexibility, and position it for long-term success.

“We are continuing to make significant progress as we enter the next phase of our restructuring,” said Robert G. Burton, Sr., Cenveo’s Chairman and Chief Executive Officer. “The Company’s Plan represents a clear and viable path forward for Cenveo to establish a sustainable capital structure that supports future growth and investment in the business. We will continue to work closely with all of our stakeholders to refine the Plan, as this is a critical step to achieving our timeline of emerging from this restructuring process in the summer of 2018.”

A hearing has been scheduled with the Court on May 16, 2018 to consider approval of the Disclosure Statement related to the Plan. Following Court approval of the Disclosure Statement, Cenveo will distribute the Plan and Disclosure Statement to voting creditors for their consideration.
more at:  https://www.prnewswire.com/news-releases/cenveo-inc-files-plan-of-reorganization-and-disclosure-statement-300623192.html

Related Posts

Kathy Lafferty Joins Allen Press as Local Sales Executive

Allen Press, Inc. is pleased to announce the addition of Kathy Lafferty to our local sales team. Lafferty joins Allen Press with over 33 years of experience in print publishing, advertising sales and marketing. In her role as Sales Executive, Lafferty will leverage her vast experience and industry knowledge to grow Allen Press’s digital printing, direct mail and marketing services in Lawrence and surrounding areas. “Kathy is an excellent addition to our sales team as she has immense business knowledge with magazines, niche publications, newspapers and integrated marketing,” said Maria Preston-Cargill, Allen Press Senior Vice President of Sales and Marketing. “She has been a leader in the Lawrence and Topeka communities for over 30 years and will be an important asset as Allen Press expands its local presence.” Click Read More below for additional information.

RRD Confirms Receipt of Unsolicited Proposal from Chatham Asset Management

R.R. Donnelley & Sons Company announced that it has received an unsolicited proposal from Chatham Asset Management, LLC ("Chatham") to acquire all of the outstanding shares of RRD for $7.50 per share in cash. Consistent with its fiduciary duties, and in consultation with its independent financial and legal advisors, the RRD Board of Directors will carefully review and consider the Chatham proposal to determine the course of action that it believes is in the best interests of the Company and RRD shareholders. RRD shareholders do not need to take any action at this time.

Nosco Announces Acquisition of Insert, Outsert Manufacturer Gooding Company

Nosco Inc., a subsidiary of Holden Industries, has announced that it has acquired Gooding Company, a New York-based insert and outsert manufacturer with over 141 years of printing experience. Through the acquisition of Gooding, Nosco will add an additional manufacturing facility on the East Coast that will help reduce lead times, lower packaging costs and provide an expanded portfolio of folded literature. Gooding was established in 1876 in Lockport, N.Y. In 1990, the company was sold to current president, Jerry Hace. Under Hace's leadership, the company began focusing on enclosures for the medical and pharmaceutical industries, in addition to other markets. Click Read More below for additional information.
Back To Top
×Close search
Search