MIDLOTHIAN, Texas–(BUSINESS WIRE)–
Ennis, Inc. (the “Company”), (EBF), appear the accomplishment of the alliance of Wright Business Graphics, Inc. (“Wright”) with a wholly endemic article of Ennis in a banal alliance transaction that bankrupt on July 31, 2018. Wright Business Graphics is a columnist aggregation headquartered in Portland, Oregon. Wright has 7 locations in Oregon, Washington and California with its capital adeptness amid in Portland, Oregon. The business produces forms, burden seal, packaging, absolute mail, checks, account processing and bartering printing. Wright had about $58 actor in sales for its budgetary year concluded March 31, 2018 and sells mainly through distributors and resellers. The acquirement amount was paid 55% in cash, and 45% in the Company’s accepted banal based on the abounding boilerplate allotment amount based on the antecedent 30 trading canicule from the date of the Agreement. The Aggregation believes the transaction will be accretive to its shareholders.
Keith Walters, Chairman, President & CEO of the Company, stated, “We are captivated to accept the befalling to amalgamate the Wright alignment with the added operations of Ennis. We were able to aing the transaction beforehand than accepted already we accustomed freeholder consents. The accomplished affection of the accouterment and equipment, forth with the able and accomplished employees, contributed to our accommodation authoritative process. With this accretion we will abide to be the capital provider of all types of printed articles and casework to the West Coast. The accession of packaging, account processing and absolute mail will add to the all-embracing capabilities of our absolute operations, which should advice us to abide to access added markets throughout the United States. This will acquiesce one ages of after-effects in our added division results.”
The operations will abide to accomplish as Wright Business Graphics and accompanying cast names. All of the accessories will abide their accustomed operations in their accepted locations.
Since 1909, Ennis, Inc. has primarily affianced in the assembly and auction of business forms and added business products. The Aggregation is one of the better private-label printed business artefact suppliers in the United States. Headquartered in Midlothian, Texas, the Aggregation has assembly and administration accessories strategically amid throughout the USA to serve the Company’s civic arrangement of distributors. Ennis 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, tags and labels and added custom products. For added information, appointment www.ennis.com.
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 Aggregation 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 analyze 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 Aggregation 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 Aggregation 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, 2018. The Aggregation 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 Aggregation or any added being that the contest or affairs declared in such account are material.
View antecedent adaptation on businesswire.com: https://www.businesswire.com/news/home/20180802005945/en/
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