Ennis Will Acquire Assets of Integrated Print & Graphics of South Elgin, Illinois
Ennis, Inc. (EBF)
US:NYSE Investor Relations:
ennis.com/about/investor-relations
Company Research
Source: Business Wire
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 Agreemen
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EBF
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- 4/23/24 - Form 8-K
- EBF's page on the SEC website