Ennis Closes Multi-Million-Dollar Alstyle Transaction
Ennis, Midlothian, Texas, recently completed the merger with Alstyle Apparel, a privately held manufacturer of T-shirts and fleece goods based in Anaheim, Calif., —a $242 million deal.
Due to the late close of the merger, only a small part of the financial results of Alstyle will be reflected in the financial statements of Ennis for the third quarter, ended Nov. 30. Ennis will issue its third quarter earnings on Jan. 7, 2005, rather than on Dec. 21.
Keith Walters, chairman, president and CEO of Ennis, said, "We are looking forward to the addition of Alstyle Apparel to further supplement the products we currently offer to our existing customers, as well as for the opportunity to penetrate existing Alstyle customers with traditional Ennis products."
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