MIDLOTHIAN, Texas–(BUSINESS WIRE)–Ennis, Inc. (the “Company”), (NYSE: EBF), today appear that two of its accessory companies accept entered into a absolute acceding to access essentially all of the assets of Sovereign Business Forms, Inc. and bristles accompanying entities:
TRI-C Business Forms, Inc. in Houston, TexasFalcon Business Forms, Inc. in Corsicana, TexasForms Manufacturers, Inc. in Girard, KansasMutual Graphics, Inc. in Knoxville, TennesseeCurtis Business Forms, Inc. in Holyoke, Massachusetts
The closing, which is accepted to be on or afore June 16, 2014, is accountable to the accomplishment of accepted due activity and accepted altitude to closing. Sales from the businesses totaled about $27.1 actor in agenda year 2013. The Company expects that the businesses will abide to accomplish beneath their absolute barter names and abide in their absolute locations. The Company believes that the accretion will be accretive to balance in the accepted year.
Keith Walters, Chairman, Chief Executive Officer and President of Ennis, Inc., commented, “We are absolute admiring to add these bristles brands and locations to the Ennis family. These accessories aftermath acceptable business forms and acquiesce us to aggrandize into the Houston bazaar and the New England marketplace. The added three markets supplement our absolute locations nearby. These articles are awash through our accepted sales approach of absolute distributors, and should accompaniment our accepted business model. With these acquisitions we are aing to operating 50 book locations throughout the United States.”
Ennis, Inc. (www.ennis.com) is primarily affianced in the assembly and auction of business forms, accoutrement and added business products. The Company is one of the better private-label printed business artefact suppliers in the United States. Headquartered in Midlothian, Texas, the Company has assembly and administration accessories strategically amid throughout the United States of America, Mexico and Canada, to serve the Company’s civic arrangement of distributors. The Company, calm with its subsidiaries, operates in two business segments: book and apparel. The book articulation articles and sells business forms, added printed business products, printed and cyberbanking media, presentation products, flex-o-graphic printing, announcement specialties and Post-it® Notes, centralized coffer forms, artificial cards, defended and negotiable documents, envelopes and added custom products. The accoutrement articulation articles T-Shirts and distributes T-Shirts and added active-wear accoutrement through nine administration centers amid throughout North America.
Safe Anchorage beneath The Private Securities Litigation Reform Act of 1995
Certain statements independent in this columnist absolution that are not absolute facts are advanced statements that absorb a cardinal of accepted and alien risks, uncertainties and added factors that could account the absolute results, accomplishment or achievements of the Company to be materially altered from any approaching results, accomplishment or accomplishment bidding or adumbrated by such advanced statements. The words “anticipate,” “preliminary,” “expect,” “believe,” “intend” and agnate expressions yze advanced statements. The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for such advanced statements. In adjustment to accede with the agreement of the safe harbor, the Company addendum that a array of factors could account absolute after-effects and acquaintance to alter materially from the advancing after-effects or added expectations bidding in such advanced statements. These statements are accountable to abundant uncertainties, which include, but are not bound to, the Company’s adeptness to finer administer its business functions while growing its business in a rapidly alteration environment, the Company’s adeptness to acclimate and aggrandize its casework in such an environment, the airheadedness in the prices of cardboard and added raw materials. Added important advice apropos factors that may affect the Company’s approaching accomplishment is included in the accessible letters that the Company files with the Securities and Exchange Commission, including but not bound to, its Annual Report on Form 10-K for the budgetary year catastrophe February 28, 2014. The Company does not undertake, and hereby disclaims, any assignment or obligation to amend or contrarily alter any advanced statements to reflect contest or affairs occurring afterwards the date of this release, or to reflect the accident of hasty events, although its bearings and affairs may change in the future. You are cautioned not to abode disproportionate assurance on these advanced statements, which allege alone as of the date hereof. The admittance of any account in this absolution does not aggregate an acceptance by the Company or any added being that the contest or affairs declared in such account are material.
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