Cenveo Inc. (NYSE: CVO) is planning to buy bankrupt National Envelope’s assets in a deal valued at $25 million.

The purchase price includes $20 million in cash and $5 million in common stock. The transaction still requires approval from the bankruptcy court, which is expected to preside over a hearing on Sept. 13.

Frisco, Texas-based National Envelope manufactures envelopes.

In connection with the deal, Hilco Receivables will buy National Envelope’s accounts receivable and Southern Paper will buy the debtor’s inventory.

Cenveo, headquartered in Stamford, Conn., provides printing services, including custom labels, specialty packaging and envelopes. The company expects the acquisition to increase revenue.

National Envelope filed for Chapter 11 bankruptcy protection on June 10 in order to facilitate a sale.

Macquarie Capital acted as Cenveo’s financial adviser, while Hughes Hubbard & Reed LLP provided legal advice.  

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