FONT-SIZE Plus   Neg

Ennis To Buy Assets & Business Of PrintXcel And Printegra From Cenveo

Ennis, Inc. (EBF) said Monday that it has agreed to buy certain assets of Cenveo's document business including the manufacturing facilities branded under the names PrintXcel and Printegra.

Sales from both businesses are about $80 million annually. The PrintXcel facilities are located in Visalia, California; Toledo, Ohio; Clarkesville, Tennessee and Fairhope, Alabama. The Printegra facilities are located in Livermore, California; Arlington, Texas; Smyrna, Georgia; Indianapolis, Indiana; Fairport, New York; and Greensboro, North Carolina, with a sales office in Jaffrey, NH.

Trade liabilities were assumed in the deal, which is expected to close during February.

The operations will continue to operate under their respective trade names of PrintXcel and Printegra, Ennis said and added that it will continue to manufacture and market the pressure seal product line under the VersaSeal brand name. Substantially all of PrintXcel's and Printegra's employees will be offered positions with Ennis' new operation.

Ennis expects the acquisition to be accretive to its earnings in the first full year of operations.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Orange SA (ORAN) were gaining around 5 percent in the morning trading in Paris after the French telecom major reported higher restated EBITDA, a key earnings metric, in its third quarter with slightly higher sales. This was despite weakness in its domestic market. Further, the company maintained its fiscal 2016 forecast of restated EBITDA to be greater than last year, on a comparable bas Swiss drug giant Novartis AG reported Tuesday higher net profit in its third quarter, while sales were weak due to generic competition and pricing. Core earnings per share topped analysts' estimates, but sales missed their view. For fiscal 2016, the company continues to expect Core operating income to be broadly in line or decline low-single digit, and net sales to be broadly in line.. Social media site Twitter Inc., which is facing an uncertain future, is planning to cut around 8 percent of its total workforce, Bloomberg reported Monday citing people familiar with the matter. The company, which is trying cost control amid slowing sales growth, may announce the job cut of about 300 people as soon as this week.
comments powered by Disqus
Follow RTT