Ennis Acquires Royal, Rolls Out New Labels
Ennis, headquartered in Midlothian, Texas, has acquired 100 percent of the stock of Royal Business Forms, a privately held company based in Arlington, Texas, for $3.7 million in Ennis stock.
The acquisition will provide additional short-run printed products and solutions, as well as financial documents sold through distributors, to Ennis' capabilities.
The transaction is expected to add to Ennis' earnings in the first full year of operations. Alf Bumgardner, president, CEO and founder of Royal will assume the position of General Manager for Royal.
Keith Walters, chairman, president and CEO of Ennis, said, "The announcement is another positive step forward in the continued growth and consolidation of the forms business into Ennis. We are delighted to have Mr. Bumgardner remain part of the management team."
In other company news, Ennis now offers custom labeling with the relaunch of its label division, 360° Custom Labels.
The label division specializes in medium- to long-run custom labels, including four-color process, variable imaging and special material labels.
For more information, visit www.360labels.com or call (800) 972-1069.