Supremex Inc., headquartered in LaSalle, Quebec, expands its presence in the United States with the purchase of assets of Bowers Envelope Company Inc. Supremex is a North American manufacturer of stock and custom envelopes, in addition to providing packaging and specialty products, with facilities across seven Canadian provinces and three facilities in the United States – employing approximately 700 people.
Bowers Envelope is a manufacturer and printer of envelopes based in Indianapolis, Indiana. "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 kilometres from Chicago… in a robust envelope market and a major hub for e-commerce distribution.”
Founded in 1928, Bowers Envelope Company Inc. employs approximately 50 people at its 75,000-square-foot Indiana facility. In 2015, Bowers generated approximately US$8.5 million in revenues from the sale of stock and custom envelopes. Mike Daniel, Bowers’ current General Manager, will continue to lead the local operation.
"We believe our cross-country Canadian operations, our Massachusetts, New York and now midwest facilities' capabilities and scale, allows us to be a bona fide regional player in the U.S. Market,” said Emerson. “With the addition of Bowers Envelope, Supremex is now well-positioned to serve approximately 60 percent of the U.S. envelope market.”
Supremex Acquires Assets of Bowers Envelope
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