Ennis Acquires Independent Printing Company In Stock Purchase Transaction
Ennis, Inc., announced the purchase of Independent Printing Company, Inc. and related entities in a stock purchase transaction that closed January 27, 2017. The majority stockholder was a private equity firm in New York. Independent has 4 locations in Wisconsin, with its main facility located in DePere, Wisconsin. The business produces presentation folders, checks, wide format and commercial printing. Independent had sales of approximately $37 million for the calendar year just ended and sells mainly through distributors and resellers. The Company will now have 4 folder facilities in Michigan, Kansas, California and Wisconsin, as well as wide format capabilities in Colorado and Wisconsin. click Read More below for additional detail