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Supremex Announces Appointment of Chief Financial Officer
Globenewswire· 2025-09-05 11:00
Core Insights - Supremex Inc. has appointed Normand Macaulay as Chief Financial Officer and Corporate Secretary, effective September 15, 2025 [1] Group 1: Leadership Appointment - Normand Macaulay brings over 20 years of leadership experience in finance and operations within the manufacturing and distribution sectors [2] - Prior to joining Supremex, Mr. Macaulay served as CFO of Nitrex and held senior finance roles at Wajax Corporation, Accent-Fairchild Group Inc., and KPMG Canada [2] - The President and CEO of Supremex expressed confidence in Mr. Macaulay's ability to drive operational excellence and profitable growth [4] Group 2: Company Overview - Supremex is a leading North American manufacturer and marketer of envelopes and is expanding its paper-based packaging solutions [5] - The company operates nine manufacturing facilities in Canada and five in the United States, employing approximately 900 people [5] - Supremex's extensive network enables efficient manufacturing and distribution tailored to major corporations, direct mailers, resellers, government entities, SMEs, and solutions providers [5]
Supremex Completes Sale-Leaseback of Two Properties
Globenewswire· 2025-07-10 11:00
Core Viewpoint - The transaction completed by Supremex Inc. unlocks significant value for shareholders and enhances the company's financial flexibility to execute its business strategy and return value to shareholders [1][3]. Group 1: Transaction Details - Supremex completed a sale-leaseback transaction for its two owned properties, generating gross proceeds of $53.0 million, subject to post-closing adjustments [1][2]. - The properties sold are located in LaSalle, Quebec, and Etobicoke, Ontario, which house the company's primary envelope sales and manufacturing facilities [2]. - Supremex entered into lease agreements for an initial term of 10 years with three five-year renewal options at fair market rent [2]. Group 2: Financial Impact - The transaction significantly strengthens Supremex's balance sheet and provides greater financial flexibility, which, combined with strong free cash flow generation, will support the company's strategic objectives and profitable growth [3]. Group 3: Company Overview - Supremex is a leading North American manufacturer and marketer of envelopes and a growing provider of paper-based packaging solutions, operating ten manufacturing facilities in Canada and five in the United States, employing approximately 900 people [4].