The Official Committee of Unsecured Creditors of Cenveo Inc., a Connecticut-based consumer envelope manufacturer, has selected Lowenstein Sandler as legal counsel in its Chapter 11 bankruptcy proceedings.
Reporting approximately $1.5 billion in debt, the company attributed the bankruptcy filing to eroded liquidity, a “burdensome” capital structure and dwindling revenue.
Cenveo faulted a challenging environment in the paper industry, which the Debtors say has faced a “long-term structural decline” as society’s dependence on digital technology ascends and demand for paper products falls.
Cenveo Inc. specializes in commercial printing, envelopes, labels, printed office products, and extrusion coating and laminating. The Company, led by Robert G Burton Sr, Robert Burton Jr and Mark S Hiltwein, operates printing plants and sales offices throughout North America and the United Kingdom.
Lowenstein advied the Unsecured Creditors of Cenveo Inc. with a team including Kenneth A. Rosen (Picture), Mary E. Seymour, Bruce D. Buechler, Bruce S. Nathan, and Eric Chafetz.
Involved fees earner: Mary Seymour – Lowenstein Sandler LLP; Bruce Buechler – Lowenstein Sandler LLP; Bruce Nathan – Lowenstein Sandler LLP; Eric Chafetz – Lowenstein Sandler LLP; Kenneth Rosen – Lowenstein Sandler LLP;
Law Firms: Lowenstein Sandler LLP;