“The acquisition of Gilbreth expands our specialty packaging into the growing shrink sleeve market,” says Robert G. Burton Sr., chairman and CEO of Cenveo. “Gilbreth’s product line complements Cenveo’s existing offerings and will create immediate cross-selling opportunities for both companies’ customers. The acquisition of Gilbreth, with its strong market reputation and strategic niche product offerings, is another example of how we intend to continue to grow our company by acquiring leaders in high growth sectors of the packaging industry. We expect this acquisition to be accretive to earnings and will be deleveraging to our balance sheet.”
Gilbreth uses multiple printing technologies as a manufacturer of full body shrink sleeves, tamper evident neck bands and medical and electronic tubing. The company serves more than 150 customers in a variety of industries with an emphasis on the personal care, pharmaceutical, nutraceutical, energy drink and food and beverage markets.
Cenveo (NYSE: CVO), headquartered in Stamford, CT, USA, specializes in commercial, envelope and label printing, and has a network of production, fulfillment, content management, and distribution facilities around the world. Over the years it has acquired several label companies, among them Lancer Label, Discount Labels, Dealer Label, Rx Technology, and Nashua.