Ennis Acquires Certain Assets of Atlas Tag & Label, Inc
Midlothian, Texas-based Ennis, Inc., a manufacturer of printed business products & apparel, has acquired certain assets of Atlas Tag & Label, Inc., headquartered in Neenah, Wis. No significant liabilities were assumed in the transactions and the transaction closed on September 30, 2010.
The operation will operate under the trade name Atlas Tag & Label. 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 tag and label product lines sold through the indirect sales (distributorship) marketplace.
The majority of Atlas Tag & Label Inc.’s employees have been offered positions with Ennis’ new operation. Customers can continue contacting Atlas under the same methods. No changes to the day-to-day operations have been made and Atlas will continue to operate in the same facility.
Keith Walters, chairman, president and CEO of Ennis, said, "Atlas Tag & Label is an exciting addition to the Ennis family. This acquisition expands our tag and label capabilities and capacity while adding new customers. Like Ennis, Atlas has been serving the distributor market for more than 80 years, and we feel this addition will positively impact customers of both companies.”
For more information on Ennis, visit www.ennis.com.