Ennis Signs Agreement to Acquire Folder Express
Ennis Inc., Midlothian, Texas, today announced that it has executed a definitive agreement to acquire the assets of Folder Express (www.folderexpress.com) from Wright Printing Company of Omaha, Neb. The closing, which is expected to be on or before Sept. 30, 2013, is subject to the completion of normal pre-closing items. Folder Express will continue to operate at its current location in Omaha, Neb.
The business generated approximately $20 million a year in sales during the most recent calendar year and will continue to operate under the Folder Express brand name.
“We are very pleased to add Folder Express to the Ennis family of brands," said Keith Walters, chairman, chief executive officer and president of Ennis Inc. "With our other folder operations in Michigan and California, this expands our geographic presence as well as significantly increasing our sales in folder products. Although these products are sold through our normal sales channel of independent distributors, Folder Express’ go to market strategy is differentiated from our other folder operations bringing many new customers. Overall, we feel very excited to bring the Folder Express brand to our existing distributor channel while delivering Folder Express customers access to the entire Ennis network.”
For more information, visit www.ennis.com.