Ennis Acquires Specialized Printed Forms
Ennis, Midlothian, Texas, acquired 100 percent of the stock of Specialized Printed Forms (SPF), a privately held company headquartered in Caledonia, N.Y.
The acquisition involves the purchase of all of SPF’s outstanding stock from Robert McAleavey, president, and CEO of SPF, as well as the associated land and buildings from a partnership that leases the facility to SPF. The acquisition will add additional short-run print products, long-run (jumbo rolls) products and solutions as well as, integrated labels and form/label combinations sold through the indirect sales (distributorship) marketplace.
The transaction is expected to be accretive to Ennis’ earnings in the first full year of operations, excluding the impact of transaction-related charges. SPF had sales of $9.5 million for the past year ended July 31, 2005. McAleavey will stay on as the general manager of SPF
For more information, call (800) 972-1069 visit www.ennis.com.