Ennis Acquires Assets Of Two Firms
Financial Terms Were Not Disclosed
Counselor Top 40 supplier Ennis (asi/52493) has purchased selected assets of Duffie Graphics and Goodwin Graphics, the companies have announced. Financial terms of the deals were not disclosed. In both agreements, Ennis acquired artwork and production files and has plans to continue to serve Duffie and Goodwin customers from different facilities.
Ennis will print the majority of Duffie orders at its Chatham, VA, location. Duffie representatives will still handle customer quotes, orders and questions. "We are pleased to announce the acquisition of Duffie Graphics' customer files and look forward to servicing their customers with high-quality products and services, as well as assist them with any support or questions they have during the transition period," said Dale Donati, vice president of Ennis' print segment.
Ennis plans to produce Goodwin orders at its PrintXcel facility in Clarksville, TN, offering a majority of Goodwin's stock mailers and pressure seal items. "By filling all orders through our PrintXcel facility, we will be able to keep current Goodwin customers satisfied by offering the same level of quality and service they have been accustomed to," said Terry Pennington, Ennis' vice president of sales. "Making this transition as easy as possible for the current customers is our main priority."
Ranked by Counselor as the fifth largest supplier in the industry, Ennis reported $235 million worth of North American ad specialty sales in its most recent fiscal year, a decrease of 24% from the previous year.