Ennis Acquires Certain Assets of Atlas Tag & LabelOctober 1, 2010
MIDLOTHIAN, TX—Sept. 30, 2010—Ennis, Inc. (NYSE: EBF), a manufacturer of printed business products & apparel, has acquired certain assets of Atlas Tag & Label, Inc., headquartered in Neenah, WI. No significant liabilities were assumed in the transactions and the transaction closed on September 30, 2010.
The business will operate under the trade name Atlas Tag & Label and will expand Ennis’ capabilities in the tag and label product lines sold through the indirect sales (distributorship) marketplace.
The majority of Atlas’ employees have been offered positions with Ennis’ new operation. Customers can continue contacting Atlas under the same methods. No changes to the day to day operations have been made and Atlas will continue to operate in the same facility.
Keith Walters, Chairman, President and CEO of Ennis, said, "Atlas Tag & Label is an exciting addition to the Ennis family. This acquisition expands our tag and label capabilities and capacity while adding new customers. Like Ennis, Atlas has been serving the distributor market for more than 80 years, and we feel this addition will positively impact customers of both companies.”
Ennis, Inc. (www.ennis.com) is primarily engaged in the production of and sale of business forms, apparel and other business products. The Company is one of the largest private-label printed business product suppliers in the United States. Headquartered in Midlothian, Texas, the Company has production and distribution facilities strategically located throughout the United States of America, Mexico and Canada, to serve the Company’s national network of distributors. The Company, together with its subsidiaries, operates in two business segments: the Print Segment ("Print") and Apparel Segment ("Apparel"). The Print Segment is primarily engaged in the business of manufacturing and selling business forms, other printed business products, printed and electronic media, presentation products, flex-o-graphic printing, advertising specialties and Post-it® Notes, internal bank forms, secure and negotiable documents, envelopes and other custom products. The Apparel Segment manufactures T-Shirts and distributes T-Shirts and other active-wear apparel through six distribution centers located throughout North America.
Source: Company press release.