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Cenveo Inc. Message Board

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  • ihaterepubs ihaterepubs Dec 3, 2012 4:55 PM Flag

    Any plants make their numbers?

    Yes,Exton is closing in 59 days. Thanks Bob and sons for the great Christmas gift. Hope you burn in hell.

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    • What a travesty. This was once a great business and very profitable. Pre Mailwell, this plant had its own sales, marketing, finance, and engineering departments.
      The business was started by two DuPont engineers that envisioned a market for Tyvek envelopes in the late 60’s or early 70’s. They mortgaged their homes to buy an antiquated envelope company (International Envelope) in Philadelphia. They relocated to Aston PA and started the first converting business dedicated to Tyvek envelopes. They grew sales from next to nothing to ~$70 MM in a few years, one partner sold to the other and later he sold to a holding company.
      The company relocated from the small 40M sq ft plant in Aston to a much larger facility in Exton. The business was sold twice more, eventually ending with MW. After the Burton hostile takeover everything changed. Some, like me, saw the writing on the wall and got out.
      I breaks my heart to see what happened to this once thriving business.
      My heart goes out to the QP Exton staff that will be out of work in about 8 weeks, good luck to all.

      • 3 Replies to dumpcenveo
      • probably a good business decision, can buy this quickly declining product line from Papercone, cant imagine the lack of investment in this antiquated equipment didn't seal the deal, or the antiquated thinking from QP leadership, look at the mess of operations they have with such a market presence. That being said, you would of wished the Exton personnel had a fighting chance by giving more input.

        Sentiment: Hold

      • The handwriting was on the wall for years in Exton.Once Sandy M. and Rose C. went to St.Paul and stabbed Exton in the back.They started taking the good stuff out of Exton and put it in other plants.Once everything was setup for them,Sandy got out of the company,they knew what was going on.All the good work went to other plants,Exton got the crap and everything the other plants couldn't handle.We will ''SURVIV(E)OR''!!!!

        Sentiment: Strong Buy

      • The armed security team is roaming the aisles day and night.

6.950.00(0.00%)Aug 30 4:02 PMEDT