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Kelly seals the deal on envelope unit sale; investment firm holds on to its national linens and uniforms operation.

Publication: San Diego Business Journal
Publication Date: 08-MAY-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Kelly seals the deal on envelope unit sale; investment firm holds on to its national linens and uniforms operation.(Finance)

Article Excerpt
Kelly Capital, a San Diego-based holding company, sold its Atlantic Envelope Co. to National Envelope Co. in a deal that netted the local firm about $70 million.

"We made at least three times our investment on the sale," said Joe Altman, Kelly Capital's senior vice president who led the negotiations with National.

Kelly Capital acquired Atlantic Envelope...

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