Sale-Leaseback Transactions
Supremex Inc. concluded sale-leaseback transactions on two owned properties, which significantly strengthened their balance sheet by extinguishing virtually all of their debt.
Special Dividend Declaration
The Board of Directors declared a special dividend of $0.50 per share, highlighting a strong financial position and commitment to returning value to shareholders.
Packaging Segment Growth
The Packaging & Specialty Products segment reported a 11.6% increase in revenue, driven by higher demand from economic conditions and new customer wins.
Tuck-In Acquisitions
Supremex completed two small acquisitions, adding to both the envelope and packaging segments, expected to improve synergies and operational efficiencies.
Renewal of Stock Buyback Program
A new stock buyback program was announced to purchase up to 10% of the public float, showing confidence in the company's long-term value.