Ennis Acquires Assets Of Competitor Gulf Business Forms For Undisclosed Sum

• Ennis, Inc. (NYSE: EBF) has acquired certain assets, including customer lists and intellectual property of Gulf Business Forms, in San Marcos, Texas. Financial terms were not disclosed.

• Gulf Business Forms is a trade printer specializing in custom-printed documents. After completion, Gulf Business Forms customer files and phones, and emails will be relocated to the Ennis, Texas plant.

• Keith Walters, Chairman, President & CEO, stated, “Gulf has been a strong competitor and leading brand throughout the country with customers spanning from California in the southwest to Massachusetts in the northeast.”

• Gulf Business Forms has been serving distributors from its operations in Texas for more than 50 years.

• Ennis held cash and equivalents of $91.2 million as of May 31, 2022.

• Price Action: EBF shares are trading lower by 1.64% at $22.14 on the last check Wednesday.

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