Supremex Acquires Bowers Envelope, Further Strengthening U.S. Presence

 

Supremex Inc., Montreal, Que., Canada, a manufacturer and marketer of a broad range of stock and custom envelopes and growing provider of packaging and specialty products, this week announced it has acquired substantially all of the assets of Bowers Envelope Co., a manufacturer and printer of envelopes based in Indianapolis, Ind., USA. 

"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." 

"We believe our cross-country Canadian operations, our Massachusetts, New York, and now Mid-West facilities' capabilities and scale, allow 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% of the U.S. envelope market," added Emerson.

Founded in 1928, Bowers Envelope employs approximately 50 people at its 75,000-sq. ft. facility in Indianapolis. In 2015, Bowers generated approximately $8.5 million in revenues from the sale of stock and custom envelopes through a variety of sales channels. Mike Daniel, the current GM and a graduate of the Harvard Business School, will continue to lead the local operation and its team of skilled and talented individuals. 

"We are excited to join the Supremex organization. Their operational record speaks for itself and we have been impressed by their focused and respectful approach. Their reputation is well-earned and we are looking forward to positioning Supremex as a strong regional player in the U.S.," said Mike Daniel, GM, Bowers Envelope. 

Supremex is the only national envelope manufacturer in Canada, with facilities across seven provinces and three facilities in the U.S. It employs approximately 700 people.