Ennis Acquires SPF, Ray Announces Retirement
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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.
In other company news, Charles Ray recently announced his retirement from the position of general manager, effective March or April 2006. Brian Thorp has assumed the position with responsibilities to the Star Award Ribbon, and Ennis' custom and imprint facilities. He
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