Envelope deal signed, sealed and delivered.

 

Opal Australian Paper has sold its envelope business to The Camerons Group, a Sydney-based print and mail company.

 

Opal’s envelope and stationery operations were severely impacted by the stoppage of wood supply from VicForests, which ended white paper production at Opal’s Maryvale Mill earlier this year, which included the cessation of production of Reflex copy paper.

 

Opal sought expressions of interest for its envelopes business, which includes the Tudor brand, in April, resulting in the sale of envelope machines and stock to The Camerons Group.

 

The scope of the sale takes in the business’ footprint, which covers Victoria, New South Wales, Queensland and Western Australia.

 

Opal’s manufacturing and overprinting of envelopes will conclude by October.

 

The EOI process for the potential sale of the stationery business has not produced a buyer, and Opal will continue to manufacture stationery at its Preston site until the end of 2023.

 

Opal will continue to supply its full range of scholastic stationery, including Olympic-branded products, 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 but expects to confirm by the first quarter of 2024 whether it will import its full product range from overseas.