Business News

Cenveo Completes Purchase of Rex Corporation

Wednesday 02. April 2008 - Cenveo, Inc. (NYSE:CVO), announced today that the Company has completed its previously- announced purchase of Rex Corporation (Rex), of Jacksonville, FL. Rex is one of the largest independent manufacturers of premium and high-quality packaging solutions in North America with over 35 years of industry experience.

Robert G. Burton, Chairman and Chief Executive Officer of Cenveo, stated:


“We are pleased to have completed this acquisition and I look forward to working with Chipper Hall and the entire Rex team as we join our two strong franchises. We believe this combination will benefit our customers by increasing the value we offer to them in order to support the growth of their businesses in the future, both domestically and globally. I want to personally welcome each of the fine employees of Rex to the Cenveo family.

Mr. Burton concluded:

Along with closing this strategic acquisition, we have also focused our attention on ensuring that we have the appropriate cost structure during this period of economic uncertainty. Over the past month we have looked across our entire operating platform for additional opportunities to improve efficiencies and reduce costs. We have eliminated over $25 million of incremental costs, on an annualized basis, from all aspects of our business by consolidating duplicative functions and processes, by further rationalizing our operating structure and focusing our resources on improving productivity and efficiencies and by asking our people to wear multiple hats and to do more with less. We feel that by taking these incremental steps now, we will be well positioned to achieve our long term financial goals.”