Worcester Envelope Co., at 125 years old, acquired by national marketing firm
Photo | Courtesy of Google
Worcester Envelope Company in Auburn
Moore DM Group, a marketing firm headquartered in Washington, D.C. has acquired Worcester Envelope Co. of Auburn, Moore announced on Friday.
Worcester Envelope, a 125-year-old company, specializes in manufacturing high-color direct-mail envelopes.
“This acquisition was the right fit for us as we are committed to increasing our capacity and geographic footprint in the envelope manufacturing space. With this addition, we have over 347,000 square feet of envelope manufacturing in Kansas, Massachusetts, Missouri and Virginia,” said Gretchen Littlefield, CEO of Moore, in a statement.
Leadership at Worcester Envelope will remain the same. Derek Waterhouse will stay on as president and report to Moore’s manufacturing chief officer, Jeff Pelcher.
“Through the years other companies have approached us, but the fit wasn’t there,” Waterhouse said in a statement. “Every interaction with the people of Moore has reinforced that we share a common vision. It is clear that they are the right partner and that now is the right time.”
Financial terms for the acquisition were not disclosed.
WBJ Web Partners
Most Recent
Most Recent
0 Comments