Cenveo to Sell Forms, Documents Divisions to Ennis
STAMFORD, CT—Cenveo Inc. has agreed to sell its Forms and Business Documents Group to Ennis Inc., a manufacturer of printed business products and apparel headquartered in Midlothian, TX. The divestiture of the group, including the Printegra and PrintXcel brands, to Ennis is expected to better position that business for continued growth and success.
The sale is expected to close this month. Terms of the transaction were not disclosed.
According to Ennis, the combined sales of PrintXcel and Printegra total approximately $80 million annually. The PrintXcel facilities are located in Visalia, CA; Toledo, OH; Clarkesville, TN; and Fairhope, AL. The Printegra facilities are located in Livermore, CA; Arlington, TX; Smyrna, GA; Indianapolis; Fairport, NY; and Greensboro, NC; with a sales office in Jaffrey, NH. Trade liabilities were assumed in the transactions.
The operations will continue to operate under their respective trade names of PrintXcel and Printegra. Ennis will continue to manufacture and market the pressure seal product line under the VersaSeal brand name. The acquisition will also expand the Ennis’ high-color commercial printing capabilities and business check product lines, which will continue to be sold through the company's 40,000-plus independent distributor network.
Substantially all of PrintXcel’s and Printegra’s employees will be offered positions with Ennis’ new operation. Customers can continue contacting all of the locations under the same methods. No changes to the day-to-day operations are expected to be made.