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Moore Shores Up Its Supply Chain Acquiring Tri-State Envelope

Direct response firm Moore continued its couplings that coordinate core business units into regionalized operations with the acquisition of Tri-State Envelope Corporation, which is based in Ashland, Pa., with additional manufacturing facilities in Iowa and Maryland.

The acquisition comes after the employees of Tri-State, through its employee stock ownership plan (ESOP), voted to approve the transaction. The company will operate as Tri-State Envelope. Financial details of the transaction were not provided.

“Everyone at Tri-State Envelope is very excited about our future as part of Moore,” said Joe O’Donnell, president of Tri-State Envelope.  Tri-State has 324 employees with Moore now at 3,500 employees at 41 companies.

Tri-State is the fourth envelope manufacturing company Moore has added to its portfolio, along with St. Louis Print Group, Worcester Envelope Company and its $31 million investment in Richmond Print Group. Company officials said total production capacity could be up to 60 million envelopes daily.

Moore officials said that the deal improves supply chain stability through increased capacity, redundancy and location diversification. In its multi-state locations, Tri-State Envelope has the capacity to manufacture 20 million envelopes per day.

“Adding Tri-State Envelope as a part of Moore reinforces our commitment to the industry to have product available. We are looking at every aspect of our business to determine where we need to add capacity to strengthen supply chains,” said Gretchen Littlefield, chief executive officer of Moore, based in Washington, D.C. “Tri-State Envelope is a trusted supplier to its customers and, as a part of Moore, we will continue to invest in their people, facilities and equipment to position them for future growth and expansion.”

Tri-State specializes in the manufacturing of high color direct mail envelopes with high-speed equipment capable of running speeds of up to 1,500 envelopes per minute.

Location diversity was one of the reasons Moore earlier this year acquired Washington Intelligence Bureau (WIB), one of the oldest donation processing service providers in the Washington, D.C. Headquartered in Chantilly, Va., WIB is now part of Aegis Premier Solutions, a Moore company with processing facilities in Kansas, Oklahoma and now Virginia. Terms of that deal were not disclosed.

Aegis Processing Solutions handles caging and lockbox operations, among other financial procedures. The organization’s processing center is warehoused in a 600,000-square-foot facility.

 

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