Ennis to Acquire Crabar/GBF for $18 Million
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The transaction is expected to be accretive to Ennis' earnings in the first full year of operations. In addition to significantly enhancing revenue, it expands Ennis' geographic presence in the United States and its product capability in the forms marketplace. Crabar/GBF has operating facilities in Cerritos, Calif., Bellville, Texas, Princeton, Ill., Medfield, Mass., Edison, N.J., El Dorado, Mo. and Leipsic, Ohio. Roger Brown, president and CEO of Crabar/GBF, will continue to be active in the forms industry, exploring possible transactions on behalf of Ennis.
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