Cenveo

Cenveo
Public
Traded as NYSE: CVO
Industry Diversified Printing Company
Key people
 Robert Burton, Sr.
Products Commercial printing, envelopes, label manufacturing, packaging and publisher services.
Revenue $1.9 billion (year ending December 31, 2014) [1]
43.8 million (year ending December 27, 2014) (2012)[1]
Total assets $1.2 billion (year ending December 27, 2014) [1]
Number of employees
 8,700 (2014)[2]
Website www.cenveo.com

Cenveo is a $1.9 billion print company based in Stamford, Connecticut.[3] Found in 1921 as Denver-based Rockmont Envelope, the company has a spectrum of product and service offerings that includes printed labels, packaging and digital print products, print magazine and book solutions, mailing solutions and creative services, and inventory and warehouse management software.[4]

History

Before changing its name to Cenveo, the company was known as Mail-Well, which was derived from Denver's Rockmont Envelope.[3] After changing ownership several times and acquiring and divesting various label and packing operations, the company changed its name to Cenveo in 2004.[5] Cenveo spent the next few years streamlining its product and service offerings, adding Cadmus Communications to its company lineup in 2007, which made Cenveo one of the "largest printing companies in North America." [6]

Acquisitions and Partnerships

Under its new name and corporate identity, Cenveo first attempted to purchase Banta Corporation, a Wisconsin-based printing and supply chain management company, in August 2006. The $1.21 billion offer was turned down by Banta's then-chairperson and CEO Stephanie Streeter, who then sold the company months later to RR Donnelley for $1.3 billion.[7][8]

After Cenveo successfully purchased Cadmus Communications in 2007, which gave Cenveo a stronger hold on the scientific and technical journal-printing market, it sought to add other companies to its expanding operations. Cenveo acquired Commercial Envelope and PC Ink, otherwise known as Printegra, also in 2007, which extended product and service offerings to the printed envelope, label and business form industry.[9][10]

Cenveo focused next on purchasing companies to expand its commercial offerings, buying California-based Madison/Graham ColorGraphics and Rex Corp. in 2007 and 2008, respectively.[11]

The company did not add another company to its growing list of acquisitions until 2009 when it purchased Nashua Corporation, which increased Cenveo's offerings in the specialty paper and pharmaceutical label industry.[12]

Cenveo also made acquisitions in the publisher services segment by acquiring Glyph International (2010)[13] and Nesbitt Graphics (2011),[14] both full service book production companies.

In 2012, Cenveo sold its Forms and Business Documents Group to Ennis.[15] In September 2013, Cenveo purchased the operating assets of its bankrupt competitor, National Envelope Corporation, for $25 million.[16]

By the end of 2015, the Burton family will have received over $70 million in compensation from their Cenveo employment.

Board of Directors (Current)

Robert G. Burton, Sr. (2005 to present) - Chairman and CEO, Cenveo; Founder, Chairman and CEO, Burton Capital Management, LLC; former CEO, Moore Corporation Limited and World Color Press.[17]

Robert G. Burton, Jr. (2005 to present) - President, Cenveo; former President of Corporate Operations, Cenveo; former VP of Investor Relations, Treasury, HR and Legal, Cenveo; former President, Burton Capital Management, LLC.[18]

Scott Goodwin (2012 to present) - CFO, Cenveo; former Assistant Controller, Senior VP of Finance, Corporate Controller and Chief Accounting Officer, Cenveo.[19]

Mark S. Hiltwein (2007 to present) - President of the Envelope Group, Cenveo; former DFO and President of Field Sales and Manufacturing, Cenveo; former President of Smartshipper.com and Executive VP and CFO of Moore Wallace Incorporated.[20]

Ian Scheinmann (2010 to present) - Vice President of Legal Affairs, Cenveo; former Cenveo real estate counsel for Rudoler & DeRosa, LLC.[21]

Harry Vinson (2007 to present) - President of Cenveo Print, Cenveo; former Senior Vice President of Purchasing and Logistics, Cenveo; former Senior Vice President of the Publication and Directory Group, Moore Wallace Incorporated.[22]

Gerald Armstrong - Independent Director, Cenveo; current Managing Director, Arena Capital Partners, LLC.[23]

Leonard Green - Independent Director, Cenveo; current managing partner, The Green Group financial services.[24]

Mark Griffin - Independent Director, Cenveo; founder, Eagle Hill School in Greenwich, Connecticut.[25]

Robert Obernier - independent Director, Cenveo; founder, President and CEO, Horizon Paper Company; Board Member and former Chairman of the Norwalk Hospital Foundation.[26]

See also

References

  1. 1 2 3 "Cenveo Announces Fourth Quarter and Full Year 2011 Results". Retrieved April 20, 2013.
  2. ↑ Cenveo Company Profile
  3. 1 2 Company Profile
  4. ↑ Products and Service Offerings
  5. ↑ Company Name Change
  6. ↑ Cadmus
  7. ↑ Banta Rejection
  8. ↑ RRD Buys Banta
  9. ↑ Commercial Envelope
  10. ↑ Printegra
  11. ↑ ColorGraphics
  12. ↑ Nashua
  13. ↑ Glyph International
  14. ↑ Nesbitt Graphics
  15. ↑ Divestiture to Ennis
  16. ↑ What They Think: "Cenveo Officially Acquires National Envelope with Close of Sale" September 17, 2013
  17. ↑ http://www.cenveo.com/burton.htm
  18. ↑ http://www.reuters.com/finance/stocks/officerProfile?symbol=CVO&officerId=1621396
  19. ↑ http://www.reuters.com/finance/stocks/officerProfile?symbol=CVO&officerId=1727224
  20. ↑ http://www.cenveo.com/hiltwein.htm
  21. ↑ http://www.cenveo.com/scheinmann%20.htm
  22. ↑ http://www.cenveo.com/vinson.htm
  23. ↑ http://www.reuters.com/finance/stocks/officerProfile?symbol=CVO&officerId=1099921
  24. ↑ http://www.reuters.com/finance/stocks/officerProfile?symbol=CVO&officerId=678343
  25. ↑ http://www.reuters.com/finance/stocks/officerProfile?symbol=CVO&officerId=678344
  26. ↑ http://www.reuters.com/finance/stocks/officerProfile?symbol=CVO&officerId=678349
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