Richmond, Virginia, USA, 01 February 2011 – MeadWestvaco Corporation (NYSE:MWV) today announced it has completed the sale of its Envelope Products Group to Cenveo, Inc. (NYSE:CVO). The Envelope Products Group manufactures and distributes envelope products for the billing, financial, and direct mail markets and has approximately 900 employees. Under the terms of the sale, all operating locations and employees currently working for the Envelope Products Group will transition to Cenveo, Inc. Terms of the sale were not disclosed.
MWV Consumer and Office Products, a division of the MeadWestvaco Corporation, is the leading manufacturer and marketer of trusted brands in school supplies, office products, planning, and organizing tools. MWV Consumer and Office Products produces notebooks, folders, decorative calendars, stationery products, and time management and personal organizers for every stage of life. For more information, visit www.mead.com.
MeadWestvaco Corporation (NYSE: MWV), provides packaging solutions to many of the world’s most admired brands in the healthcare, beauty and personal care, food, beverage, home and garden, tobacco, and commercial print industries. The company's businesses include Consumer & Office Products, Specialty Chemicals, and the Community Development and Land Management Group, which sustainably manages the company’s land holdings to support its operations, and to provide for conservation, recreation and development opportunities. With 19,000 employees worldwide, MWV operates in 30 countries and serves customers in more than 100 nations. MWV manages all of its forestlands in accordance with internationally recognized forest certification standards, and has been named to the Dow Jones Sustainability World Index for the seventh consecutive year. For more information, visit www.mwv.com