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Supremex Inc T.SXP

Alternate Symbol(s):  SUMXF

Supremex Inc. is a Canada-based company, which manufactures and markets envelopes and provides paper-based packaging solutions designed to the specifications of national and multinational corporations, direct mailers, resellers, government entities, small-medium enterprises (SMEs) and solutions providers. The Company operates through two segments: the manufacturing and sale of envelopes and the manufacturing and sale of paper-based packaging solutions and specialty products. It also manufactures and distributes a diverse range of packaging and specialty products, including high-end quality folding carton packaging and e-commerce fulfillment packaging solutions. Its other packaging and specialty products include the Conformer Products, labels, polyethylene bags for courier applications, bubble mailers and Enviro-logiX. It operates 10 manufacturing facilities across four provinces in Canada and six manufacturing facilities in four states in the United States.


TSX:SXP - Post by User

Comment by mrmoribundon Feb 15, 2022 10:21pm
170 Views
Post# 34432430

RE:RE:RE:RE:Activist puts pressure on Supremex

RE:RE:RE:RE:Activist puts pressure on SupremexInteresting. But this is a very different situation. If you go back a while Supremex may have had some chunks of years when results were subpar. But over the last two years or so management (and everyone else) appear to have done a great job.

I'll be surprised if GC gets into a fight with the Supremex board but I guess it's possible. Offhand, I can think of only two things he would push for:

(1) sale-leaseback of the two owned facilities;

(2) sale of the entire company.

If management argues that there's more value in continuing to build operations for a while (rather than rushing to sell the company), well, I'd say shareholders owe them a hearing. But hard to say how that kind of thing would turn out.

GC may have already reached out to the Article 6 Marital Trust. If they are open to the idea of a sale of the company I would think that this time they'll have the brains to let the board of directors coordinate the sale process and signing of the lock-ups and not just go off and sign something by themselves--as they did with Galvanic.
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