Ennis Acquires Kay Toledo Tag and Special Service Partners
Ennis Inc., Midlothian, Texas, announced the purchase of Kay Toledo Tag and Special Service Partners (collectively “Kay Toledo”) in a stock purchase transaction that closed Dec. 31, 2014. Kay Toledo has locations in Toledo, Ohio and Neenah, Wis. through Special Service Partners. Kay Toledo Tag produces tags, labels, tickets and commercial printing. Kay Toledo Tag has $25 million in sales, and sells through distributors and resellers. The company will have five tag facilities in Texas, Iowa, Ohio and Wisconsin.
“We are delighted to have the opportunity to combine the tag and label expertise of Kay Toledo Tag with the other tag and label operations of Ennis," Keith Walters, chairman, president and CEO of Ennis stated. "The Kay family will be instrumental in bringing their skills and know-how in this market to the Ennis organization, and we believe they will allow us to grow this business in all segments of the tag and label market."
Dan Kay, president of Kay Toledo Tag Inc. stated that he and his family are excited about the merge.
The ability to market to a broader customer base with more geographic and product diversity will strengthen the business and allow Kay Toledo Tag to expand," Kay said. "The financial strength of Ennis will allow us to grow this business and serve our customers”.
The operations will continue under the Kay Toledo Tag and Special Service Partners names. All of the locations will continue their normal operations.