logo
Share SHARE
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

Editors Pick
Apple Inc. has confirmed that the iPhone 6s battery issue may be larger than thought, as the tech giant said that some customers "outside the affected range of devices" have also reported unexpected shutdowns. The company again stressed that it is not a security issue. Tesla Motors Inc. voluntarily recalled more than 7000 charging adapters. The company said these adapters of Nema 14-30, 10-30 and 6-50 are sold separately as accessories. Earlier in November, two customers had complained about overheating issue of Nema 14-30 charging adapters. Tesla confirmed in its recall communication that there were no other similar incidents or reports of injuries or proper Sony announced Project Field, a new play way to bring card games to life, along with a host of smartphone games at an event in Japan, aiming to accelerate mobile drive. Project Field is a Japan-only card collection platform where actual physical cards will work with a smartphone app. The first title to be announced is based on Yo-kai Watch for mobile. There is no news about an international releas
comments powered by Disqus
Follow RTT