Ennis Inc. Acquires Assets of Major Business Systems
The Ennis subsidiary, operating under the Major Business Systems brand and name, will lease the current facility from the current owner for several years with options to renew.
The current owner, Jeff Russell, will continue working with Major Business Systems. The employees will continue their employment with the newly acquired Major Business Systems and produce the same products. Ennis believes that the acquisition will be accretive to earnings in the current year.
“We are very pleased to add Major Business Systems to the Ennis family," said Keith Walters, chairman, CEO and president of Ennis Inc. "[Major Business Systems] provides some additional capabilities to our product line, and their focus on value-add products in the health care industry is consistent with our desire to expand this product line throughout the Ennis network. These products are sold through our normal sales channel of independent distributors, so this business complements our current business model. We think this will enhance our current product mix and allow us to pursue more expansive product lines in the integrated document market”.