Ennis Acquires Assets of Forms Manufacturer Major Business Systems
MIDLOTHIAN, Texas — March 22, 2016 — Ennis Inc. has announced that one of its wholly owned subsidiaries closed on an agreement to acquire the assets of Major Business Systems in Hillsborough, N.C. The Ennis subsidiary, operating under the Major Business Systems brand and name, will lease the current facility from the current owner for several years with options to renew. The current owner, Jeff Russell, will continue working with Major Business Systems. The employees will continue their employment with the newly acquired Major Business Systems and produce the same products with the same quality and attention to customer service as before. Ennis believes that the acquisition will be accretive to earnings in the current year.
Keith Walters, chairman, CEO and president of Ennis Inc., comments, “We are very pleased to add Major Business Systems (“Major”) to the Ennis family. Major provides some additional capabilities to our product line and their focus on value add products in the health care industry is consistent with our desire to expand this product line throughout the Ennis network. These products are sold through our normal sales channel of independent distributors, so this business complements our current business model. We think this will enhance our current product mix and allow us to pursue more expansive product lines in the integrated document market.”
About Ennis Inc.
Ennis Inc. is primarily engaged in the production 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: print and apparel. The print segment manufactures and sells 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, plastic cards, 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 nine distribution centers located throughout North America.
Source: Ennis Inc.