MWV lost their good manufacturing people before the "acreitive" acquisition and the few left were not able to transition. They had been running the v-flap business as a cash cow. The equipment was outdated. The sales team were price order takers and ironically brought that "expertise" to CVO. CVO's purchase simply hastened their shrinkage.
As for National, do not count them out. They continue to take business away from CVO. I believe National can pick up CVO envelope as Burton is forced to piece meal asset sales. National is much better managed than CVO. Of course CVO has the "best manglement team in the business" and the results to prove it. It is the giant among pygmies situation when it comes to management talent.
Pricing will get worse in the commodity markets they play in. There can be only one.
You are correct about running a business. The Burton's and minions have no expertise when it comes to that. CVO was a shell game and the table collapsed.
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Cenveo closed major manufacturing plants Los Angeles, merged Dallas into their plant, closed Kenosha, Leaving only Indianapolis, Williamsburg and Atlanta as original MeadWestvaco plants.
Whatever happened to the top manufacturing guys at MeadWestvaco after the purchase of the business?
I thought that the idea of consolidating the industry was to rationalize capacity and strengthen pricing in the marketplace. From what I hear pricing is as bad as ever. Cenveo, National have no clue how to run a business. The reason is they don't have the talent and never wanted to run, an invest in a going concern long term.