Ennis Will Acquire Assets of Integrated Print & Graphics of South Elgin, Illinois

Marketing News – MarketingTools365 – Mktg News – Marketing Tools 365 – //// Business Marketing news and Mktg News : Ennis Will Acquire Assets of Integrated Print & Graphics of South Elgin, Illinois :

MIDLOTHIAN, Texas–(BUSINESS WIRE)–Ennis, Inc. (the “Company”), (NYSE: EBF), today announced that one of
its wholly owned subsidiaries has entered into a Letter of Intent to
acquire the assets of Integrated Print & Graphics (“IPG”) in South
Elgin, Illinois, a suburb of Chicago. IPG has been in the Chicago
marketplace since the 1970s and does about $20 million in sales
annually. The Ennis subsidiary, operating under the IPG brand and name,
will lease the current facility from the current owner for several years
with options to renew. The current owner, Gary Mozina, will not continue
as an employee of IPG. The employees will continue their employment with
the newly acquired IPG and produce the same products with the same
quality and attention to customer service as before. Ennis believes that
the acquisition will be accretive to earnings in the current year. Ennis
expects to sign and close the Asset Purchase Agreement effective the
close of business March 16th, 2019.

Keith Walters, Chairman, Chief Executive Officer and President of Ennis,
Inc., commented by stating, “We are very pleased to add IPG to the Ennis
family. IPG provides some additional capabilities to our product line
and its focus on high color commercial print to the direct mail channel
is consistent with our desire to expand this product line throughout the
Ennis business model. These products are sold through our normal sales
channel of independent distributors, so this business complements our
current business model. We think this will enhance our current product
mix and allow us to pursue more expansive product lines in the
integrated product market.”

About Ennis

Ennis, Inc. (www.ennis.com)
is primarily engaged in the production and sale of business forms,
apparel and other business products. The Company is one of the largest
private-label printed business product suppliers in the United States.
Headquartered in Midlothian, Texas, the Company has production and
distribution facilities strategically located throughout the United
States of America to serve the Company’s national network of
distributors. The Company manufactures and sells business forms, other
printed business products, printed and electronic media, presentation
products, flex-o-graphic printing, advertising specialties and Post-it®
Notes, internal bank forms, plastic cards, secure and negotiable
documents, envelopes and other custom products.

Safe Harbor under The Private Securities
Litigation Reform Act of 1995

Certain statements contained in this press release that are not
historical facts are forward-looking statements that involve a number of
known and unknown risks, uncertainties and other factors that could
cause the actual results, performance or achievements of the Company to
be materially different from any future results, performance or
achievement expressed or implied by such forward-looking statements. The
words “anticipate,” “preliminary,” “expect,” “believe,” “intend” and
similar expressions identify forward-looking statements. The Private
Securities Litigation Reform Act of 1995 provides a “safe harbor” for
such forward-looking statements. In order to comply with the terms of
the safe harbor, the Company notes that a variety of factors could cause
actual results and experience to differ materially from the anticipated
results or other expectations expressed in such forward-looking
statements. These statements are subject to numerous uncertainties,
which include, but are not limited to, the Company’s ability to
effectively manage its business functions while growing its business in
a rapidly changing environment, the Company’s ability to adapt and
expand its services in such an environment, the variability in the
prices of paper and other raw materials. Other important information
regarding factors that may affect the Company’s future performance is
included in the public reports that the Company files with the
Securities and Exchange Commission, including but not limited to, its
Annual Report on Form 10-K for the fiscal year ending February 28, 2018.
The Company does not undertake, and hereby disclaims, any duty or
obligation to update or otherwise revise any forward-looking statements
to reflect events or circumstances occurring after the date of this
release, or to reflect the occurrence of unanticipated events, although
its situation and circumstances may change in the future. You are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. The inclusion of any
statement in this release does not constitute an admission by the
Company or any other person that the events or circumstances described
in such statement are material.


Mr. Keith S. Walters, Chairman, Chief Executive Officer and President
Richard L. Travis, Jr., CFO, Treasurer and Principal Financial and
Accounting Officer
Mr. Michael D. Magill, Executive Vice President
and Secretary

Ennis, Inc.
Phone: (972) 775-9801
Fax: (972) 775-9820

. From Business Wire – Marketingtools365(COMM) – ATOM https://ift.tt/2Jiw0zk Source : Ennis Will Acquire Assets of Integrated Print & Graphics of South Elgin, Illinois – https://ift.tt/2Jiw0zk