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Ennis Inc. has closed on its acquisition of the assets and business of PrintXcel and Printegra from the Custom Resale Group of Cenveo. Sales from both businesses are approximately $80 million annually and the purchase price was $40 million in cash plus assumed trade liabilities.
The operations will continue to operate under their respective trade names of PrintXcel and Printegra. The acquisition is expected to be accretive to Ennis' earnings in the first full year of operations and will expand the Company's capabilities in the pressure seal product lines under the VersaSeal name and sold through the indirect sales marketplace.
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