This week Julie Greenbaum highlights industry news from Verso Corp.; Ennis Inc.; Kappa Media and Vanguard Printing (Goss International); and Wallace Carlson Printing (Komori America and New Leaf Paper).
Ennis enters into a Unit Purchase Agreement with Alstyle Operations pursuant to which it has agreed to sell Alstyle Apparel.
One of Ennis Inc.'s subsidiaries has acquired the assets of Major Business Systems in Hillsborogh, N.C. "We are very pleased to add Major Business Systems ("Major") to the Ennis family," comments Keith Waters, chairman, CEO and president of Ennis Inc. "We think this will enhance our current product mix and allow us to pursue more expansive product lines in the integrated document market.”
Commercial printer equipment installations and other news from Printing Impressions' February 2015 edition, featuring Naples Print Source, Imagine! Print Solutions, arvato North America, Premier Graphics, Up2speed Printing, RR Donnelley, DFS, Eastern Advertising Novelty and Proforma Marcom Solutions, Sheridan Books, Modern Litho-St. Louis, Blackburn Manufacturing, Quad/Graphics, Velocity Print Solutions, Think Patented, Ennis Inc. and Kay Toledo Tag/Special Service Partners, The Sheridan Press, Printscape Imaging & Graphics, Graphic Creations, Marketing FX and A. H. Belo.
In a stock purchase transaction that closed December 31, 2014, Kay Toledo Tag/Special Service Partners were acquired by Ennis Inc. Key Toledo Tag has locations in Toledo, OH, and Neenah, WI, through Special Service Partners and produces $25 million in sales. The operations will continue under the Kay Toledo Tag/Special Service Partners names with all locations continuing their normal operations.
Ennis Inc.'s Printegra-Arlington, TX, facility will relocate from a leased facility to a company-owned building less than one mile away. Considering the close proximity of the Printegra-Arlington and Royal Business Forms locations, it will be consolidating the production into one facility. The transition will be planned and executed over the next six months.
Ennis Inc. in Midlothian, TX, has acquired Hoosier Data Forms in Indianapolis. John Cornelius, previous owner of Hoosier Data Forms, will remain with Hoosier in a sales and management capacity.
As part of the Sovereign Business Forms transaction, Ennis Inc. has acquired Mutual Graphics of Knoxville, TN, and will integrate production into the Mutual Graphics facility, no later than the end of September, 2014. Employees affected by this consolidation will be considered for employment at any other Ennis location.
Commercial Printing Industry News Briefs from Printing Impressions’ July 2014 edition, including Sheridan Books, Evolution Impressions, Heidelberg, Gallus, InnerWorkings, Pacemaker Press, Ennis Inc., Zoo Printing and Graphic Packaging.
For the first quarter ended May 31, 2014, Ennis reported its consolidated net sales for the quarter were $141.2 million, an increase of $2.7 million or 1.9 percent, from $138.5 million for the same quarter last year. During the quarter, the company generated $17.3 million in EBITDA compared to $17.0 million for the comparable quarter last year.