National Envelope Files for Chapter 11 Bankruptcy

Envelope maker National Envelope filed for Chapter 11 bankruptcy protection Monday, its second such filing in three years.

The company said it will consider filing a plan of reorganization or selling its assets to the highest bidder at a bankruptcy court-overseen auction. It says it has received "significant interest" to date from potential bidders, which it hopes would lead to a "spirited and robust bidding process" if it does in fact pursue a sale.

One potential bidder is publicly traded bidder Cenveo Inc., The Wall Street Journal reported Sunday. A Cenveo representative couldn't immediately be reached for comment Monday.