Ennis Acquires Assets Of Competitor Gulf Business Forms For Undisclosed Sum

Ennis Acquires Assets Of Competitor Gulf Business Forms For Undisclosed Sum
  • Ennis, Inc. EBF has acquired certain assets, including customer lists and intellectual property of Gulf Business Forms, in San Marcos, Texas. Financial terms were not disclosed.
  • Gulf Business Forms is a trade printer specializing in custom-printed documents. After completion, Gulf Business Forms customer files and phones, and emails will be relocated to the Ennis, Texas plant.
  • Keith Walters, Chairman, President & CEO, stated, “Gulf has been a strong competitor and leading brand throughout the country with customers spanning from California in the southwest to Massachusetts in the northeast.”
  • Gulf Business Forms has been serving distributors from its operations in Texas for more than 50 years.
  • Ennis held cash and equivalents of $91.2 million as of May 31, 2022.
  • Price Action: EBF shares are trading lower by 1.64% at $22.14 on the last check Wednesday.

Posted In: BriefsM&ANewsSmall Cap