Market Overview

Ennis Completes Merger with Wright Business Graphics, Inc. of Portland, Oregon into a Wholly Owned Entity of Ennis


Ennis, Inc. (the "Company"), (NYSE:EBF), announced the completion of
the merger of Wright Business Graphics, Inc. ("Wright") with a wholly
owned entity of Ennis in a stock merger transaction that closed on July
31, 2018. Wright Business Graphics is a printing company headquartered
in Portland, Oregon. Wright has 7 locations in Oregon, Washington and
California with its main facility located in Portland, Oregon. The
business produces forms, pressure seal, packaging, direct mail, checks,
statement processing and commercial printing. Wright had approximately
$58 million in sales for its fiscal year ended March 31, 2018 and sells
mainly through distributors and resellers. The purchase price was paid
55% in cash, and 45% in the Company's common stock based on the weighted
average share price based on the previous 30 trading days from the date
of the Agreement. The Company believes the transaction will be accretive
to its shareholders.

Keith Walters, Chairman, President & CEO of the Company, stated, "We are
delighted to have the opportunity to combine the Wright organization
with the other operations of Ennis. We were able to close the
transaction earlier than expected once we received landlord consents.
The excellent quality of the machinery and equipment, along with the
qualified and experienced employees, contributed to our decision making
process. With this acquisition we will continue to be the preeminent
provider of all types of printed products and services to the West
Coast. The addition of packaging, statement processing and direct mail
will add to the overall capabilities of our existing operations, which
should help us to continue to penetrate additional markets throughout
the United States. This will allow one month of results in our second
quarter results."

The operations will continue to operate as Wright Business Graphics and
related brand names. All of the facilities will continue their normal
operations in their current locations.

About Ennis

Since 1909, Ennis, Inc. has primarily engaged in the production and sale
of business forms 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 USA to
serve the Company's national network of distributors. Ennis 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, tags and labels and
other custom products. For more information, visit

Safe Harbor under The Private Securities
Litigation Reform Act of 1995

Certain statements contained in this press release that are not
historical facts are forward-looking statements that involve a number of
known and unknown risks, uncertainties and other factors that could
cause the actual results, performance or achievements of the Company to
be materially different from any future results, performance or
achievement expressed or implied by such forward-looking statements. The
words "anticipate," "preliminary," "expect," "believe," "intend" and
similar expressions identify forward-looking statements. The Private
Securities Litigation Reform Act of 1995 provides a "safe harbor" for
such forward-looking statements. In order to comply with the terms of
the safe harbor, the Company notes that a variety of factors could cause
actual results and experience to differ materially from the anticipated
results or other expectations expressed in such forward-looking
statements. These statements are subject to numerous uncertainties,
which include, but are not limited to, the Company's ability to
effectively manage its business functions while growing its business in
a rapidly changing environment, the Company's ability to adapt and
expand its services in such an environment, the variability in the
prices of paper and other raw materials. Other important information
regarding factors that may affect the Company's future performance is
included in the public reports that the Company files with the
Securities and Exchange Commission, including but not limited to, its
Annual Report on Form 10-K for the fiscal year ending February 28, 2018.
The Company does not undertake, and hereby disclaims, any duty or
obligation to update or otherwise revise any forward-looking statements
to reflect events or circumstances occurring after the date of this
release, or to reflect the occurrence of unanticipated events, although
its situation and circumstances may change in the future. You are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. The inclusion of any
statement in this release does not constitute an admission by the
Company or any other person that the events or circumstances described
in such statement are material.

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