Commercial printer company and personnel news from Printing Impressions’ November 2013 edition, featuring Walton Press, PostMark, SG360º, Ennis and Folder Express, Vanguard Printing
Last week, Ennis closed on the agreement to acquire the assets of the Folder Express from Wright Printing Company of Omaha, NE. The business generated approximately $20 million a year in sales during the most recent calendar year and will continue to operate under the Folder Express and other brand names in the current location.
Ennis Inc. has executed a definitive agreement to acquire the assets of Folder Express from Wright Printing of Omaha, NE. The closing, which is expected to be on or before September 30, 2013, is subject to the completion of normal pre-closing items. Folder Express will continue to operate at its current location in Omaha, NE.
What is striking about the round of installations this year over last, we are hearing about far fewer installation problems and challenges with substrates. We are hearing more about the costs and need to expand post-processing capabilities rather than installation or performance of the presses themselves. Business cases are still strong but, unlike the earliest adopters, those needs were not as acute, so they had the luxury of hanging back and biding their time until that time was right.