Ennis Announces Plans to Acquire Assets of Integrated Print & Graphics
Ennis announces that one of its subsidiaries plans acquire the assets of Integrated Print & Graphics (IPG).
MIDLOTHIAN, Texas-Ennis announces that one of its subsidiaries plans to acquire the assets of Integrated Print & Graphics (IPG). IPG is based in South Elgin, Illinois, a suburb of Chicago.
IPG has served the greater Chicago area since the 1970s, generating roughly $20 million in annual sales. Ennis says the subsidiary, operating under the IPG brand and name, will lease its facility from the current owner for several years with options to renew.
“We are very pleased to add IPG to the Ennis family,” says Keith Walters, CEO of Ennis. “IPG provides some additional capabilities to our product line, and its focus on high-color commercial print to the direct mail channel is consistent with our desire to expand this product line throughout the Ennis business model.”
The current owner, Gary Mozina, will not continue as an employee of IPG. Ennis says remaining employees will stay at the company and “produce the same products with the same quality and attention to customer service as before.” The company projects that the acquisition will be accretive to earnings in the current year.
Ennis expects to close the Asset Purchase Agreement on March 16, 2019.
For more information, visit www.ennis.com.
