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Midlothian, Texas-based Ennis, Inc. has closed, as of Feb. 10, 2012, on its acquisition of the assets and business of PrintXcel and Printegra from the Custom Resale Group of Cenveo.
Sales from both businesses are approximately $80 million annually and the purchase price was $40 million in cash plus assumed trade liabilities. Ennis funded the acquisition under its revolving line of credit. The PrintXcel facilities are located in Visalia, Calif.; Toledo, Ohio; Clarkesville, Tenn; and Fairhope, Ala. The Printegra facilities are located in Livermore, Calif.; Arlington, Texas; Smyrna, Ga.; Indianapolis; Fairport, N.Y.; and Greensboro, N.C., with a sales office in Jaffrey, N.H.
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