Ennis Acquires Two Print Firms
Vol. 889 
January 31, 2012

Counselor Top 40 supplier Ennis Inc. (asi/52493) has signed an agreement to acquire certain assets of PrintXcel and Printegra, properties that were previously owned by Cenveo. While financial terms of the deal weren't disclosed, the two companies have combined annual revenues of about $80 million. Ennis said that the acquisition will expand its high-color commercial print capabilities and business check product lines.

"This is a major addition to the Ennis family," said Keith Walters, president and CEO of Ennis, as well as a member of the Counselor Power 50. "This acquisition expands our check capabilities and capacity while adding new customers. Like Ennis, PrintXcel and Printegra have been serving the distributor market for more than 80 years, and we feel this addition will positively impact customers of both companies."

Following closure of the deal, which is expected to occur in February, PrintXcel and Printegra will continue to operate under their respective trade names. Also, Ennis has said that "substantially all" of the employees for both organizations will be offered new positions within the new Ennis operation. The PrintXcel facilities are located in Visalia, CA; Toledo, OH; Clarkesville, TN and Fairhope, AL. The Printegra facilities are located in Livermore, CA; Arlington, TX; Smyrna, GA; Indianapolis, IN; Fairport, NY; and Greensboro, NC, with a sales office in Jaffrey, NH. "Ennis is pleased to add new locations and new products to our growing number of brands," Walters said.

In the ad specialty market, Ennis is the fifth-largest supplier. The company reports annual North American ad specialty sales of more than $280 million.