NE Opco Wins Approval to Sell Assets for $70 Million

NE Opco Inc., the largest closely held envelope maker in North America, won court approval to sell virtually all its assets to three separate buyers for a total of about $70 million.

U.S. Bankruptcy Judge Christopher Sontchi today granted the company, which does business as National Envelope, permission to sell its envelope business to Cenveo Inc. for about $33 million.