The Top Five Continue to Thrive
Ennis reported that apparel accounted for 41.6 percent of its business, while forms accounted for 46 percent.
A Process of Assimilation
Since the completion of the acquisitions in November 2004, the focus of management has been directed toward the integration of these companies into the existing Ennis operating structure, and reorganizing the management team to best deal with the greater complexities and issues resulting from acquisitions. "Ennis remains committed to managing its overhead in a prudent manner, and to adding and promoting people who can balance the multiple tasks required in today's business climate," said Walters.
There have also been a series of transitional location moves as part of a plan to reduce fixed overhead for greater efficiencies. Alstyle Apparel is much larger than any other organization ever acquired by Ennis, and a significant amount of work still needs to be done to finish the integration, although the process is moving forward at a satisfactory rate. "This acquisition has added a cyclical nature to the business, which did not previously exist for us. Sales of activewear are heaviest in the first and second fiscal quarters," observed Walters.
While much of the year was focused on acquisitions, the existing operating units continued to perform solidly. Ennis has 40 production and distribution facilities located throughout 15 of the United States, Mexico and Canada, strategically located to serve its national network of distributors. Ennis, together with its subsidiaries, operates in four business segments: the Forms Solutions Group, Promotional Solutions Group, Financial Solutions Group and Apparel Solutions Group.
Ennis was recently presented with the PLP (Preferred Limited Partner) Innovator of the Year Award by Proforma for its assistance with a multi-million dollar contract. The company's ability to work closely with and meet the needs of the Proforma owner helped to make the transaction possible. In addition to the PLP Innovator of the Year Award, Proforma also recognized Ennis as a PLP Top 10 Vendor.