Supremex buys U.S. envelope company
By Cindy Macdonald
Supremex has acquired Bowers Envelope Company, a move which further strengthens the compay’s presence in the U.S.
“This acquisition, while relatively small, aligns with our strategy to extend our reach in key markets and to expand our value added offering in packaging and specialty products,” said Stewart Emerson, president and CEO of Supremex. “Bowers Envelope is a well-known brand strategically located less than 300 km from Chicago at ‘The Crossroads of America” in a robust envelope market and a major hub for e-commerce distribution.”
Supremex manufactures and markets a broad range of stock and custom envelopes, and is a growing provider of packaging and specialty products.
“We believe our cross-country Canadian operations, our Massachusetts, New York and now Mid-West facilities’ capabilities and scale, allows us to be a bona fide regional player in the U.S. market. With the addition of Bowers Envelope, Supremex is now well-positioned to serve approximately 60 per cent of the U.S. envelope market,” said Emerson.
Founded in 1928, Bowers Envelope Co. employs approximately 50 people at its 75,000-square-foot facility located in Indianapolis, Indiana. In 2015, Bowers generated approximately US$8.5 million in revenues from the sale of stock and custom envelopes through a variety of sales channels. Mike Daniel, the current general manager, will continue to lead the local operation.