MONTREAL, Nov. 20, 2014 /CNW Telbec/ - Supremex Inc. (TSX: SXP), Canada's largest producer of stock and custom-manufactured envelopes and growing provider of packaging and specialty products, today announced that it was advised by Clarke Inc. that it had sold all of its common shares of Supremex. Prior to the sale, Clarke held 12,886,300 common shares, representing approximately 44.7% of the issued and outstanding common shares of Supremex.
Supremex was also advised that a shareholder, The Article 6 Marital Trust created under the First Amended and Restated Jerry Zucker Revocable Trust dated 4-2-07, purchased 2,000,000 of the common shares sold by Clarke, thereby increasing its position from 3,488,985 common shares, representing approximately 12.11% of the issued and outstanding common shares of Supremex, to 5,488,985 common shares, representing approximately 19.05% of the issued and outstanding common shares.
"We are pleased to welcome new shareholders into our company," said Stewart Emerson, the President and Chief Executive Officer of Supremex. "We also appreciate the confidence that the Jerry Zucker Trust has shown in Supremex with this substantial increase in its shareholdings."
Supremex is Canada's largest manufacturer and marketer of a broad range of stock and custom envelopes and a growing provider of packaging and specialty products. Supremex is the only national envelope manufacturer in Canada, with facilities across six provinces and one facility in the United States and employs approximately 500 people. This national presence allows Supremex to manufacture products tailored to the specifications of major national customers such as leading corporations, national resellers and governmental entities, as well as paper merchants and process and solutions providers.
SOURCE: Supremex Inc.
For further information: Benoît Crowe, CPA, CA, Vice-President, Finance, (514) 595-0555