Supermex acquires Premier envelope (full text) Mr. Stewart Emerson reports
SUPREMEX ANNOUNCES ACQUISITION OF PREMIER ENVELOPE, AND STRENGTHENS OPERATIONS IN WESTERN CANADA
Supremex Inc. has acquired substantially all of the assets of Premier Envelope Ltd., an established manufacturer of stock and custom envelopes, principally operating in Western Canada, and its affiliated operating entities.
"Premier Envelope is a tier 1 envelope supplier with outstanding manufacturing capabilities and strong complementary customer relationships to Supremex's existing customer base in Western Canada," said Stewart Emerson, president and chief executive officer of Supremex. "With immediate synergies, this transaction enhances our go-to-market wherewithal, significantly elevates our manufacturing capabilities in Western Canada and improves our ability to unlock capacity in Eastern Canada to support our growth strategy in the United States via our Buffalo Envelope and Classic Envelope platforms."
Premier Envelope employs approximately 70 people, and generated approximately $12-million in annual revenues from the sale of stock and custom envelopes, both directly and through a network of distributors, to financial institutions, large and small businesses, government organizations, commercial printers, and mailing houses, primarily located in Western Canada. Premier Envelope has two principal manufacturing locations in Richmond, B.C., and Edmonton, Alta., and also operates a satellite plant in Mississauga, Ont.