Ennis Acquires Infoseal Assets
Ennis, Inc. has announced that one of its wholly-owned subsidiaries has entered into a Letter of Intent to acquire the assets and assume some liabilities of Infoseal, LLC in Roanoke, Virginia. Infoseal provides pressure seal and tax forms products to independent print brokers and resellers. Midlothian, Texas-headquartered Ennis is the parent company of several industry suppliers, including Folder Express (PPAI 354129, S1), Independent Folders (PPAI 111993, S2) and Admore, Inc. (PPAI 111144, S10). The deal is expected to close by December 31, 2020.
The Ennis subsidiary, operating under the Infoseal brand and name, will continue to operate in its current facility with a multi-year lease. Infoseal employees and local management are expected to continue working with no disruption in service. Ennis believes that the acquisition will be accretive to earnings in the current year.
“We are very pleased to add Infoseal to the Ennis family,” says Keith Walters, chairman, CEO and president of Ennis, Inc. “Infoseal is a leader in the production of pressure seal documents and this well-known brand brings added capabilities and expertise to our expanding product offering including our existing VersaSeal pressure seal product line. Infoseal products are sold through our traditional sales channel of independent distributors and this business continues our strategy to support our loyal distributors with an industry leading product offering.”