Opal is selling its envelope machines and stock from its Australian envelope business to The Camerons Group. Opal says that its envelope and stationery operations have been severely impacted by the unplanned stoppage of wood supply from VicForests, which ended white paper production at Opal’s Maryvale Mill earlier this year. Source: Timberbiz
In April Opal opened a formal Expression Of Interest process for the potential sale of its envelope and stationery businesses.
The scope of the sale takes in the business’ footprint, which covers Victoria, New South Wales, Queensland and Western Australia.
While the decision to sell the envelope business has been difficult, Opal says it is committed to working closely with The Camerons Group to ensure a smooth transition for over this time.
The Camerons Group has been a supplier to the direct mail marketing industry since 1963.
Opal’s manufacturing and overprinting of envelopes will conclude by October.
However, Opal says the EOI process for the potential sale of the stationery business had not produced a buyer, and Opal would continue to manufacture stationery at its Preston site until the end of the year.
To support our customers, Opal will supply its full range of scholastic stationery throughout the Australian 2023/24 Back To School period.
Opal has not yet reached a final decision on the long-term future of its stationery business and expects to confirm by the first quarter of 2024 whether it will import its full product range from overseas.
Opal says it will continue to provide additional support to our employees as we work through the transition.
