Ennis, Inc. (“Ennis”), (NYSE: EBF), has acquired all of the stock of Printgraphics, Inc. as of October 1, 2011. Printgraphics has two locations, Vandalia, Ohio and Nevada, Iowa, both of which will continue producing their current products and services. Printgraphics has been a leading wholesale manufacturer of fully integrated document solutions for over 33 years and is now recognized as the 21 st largest and 14 th fastest growing company in our industry. Paul Curry, president of Printgraphics, will continue in his role and noted, “We are extremely pleased to announce that Printgraphics has become part of the Ennis family of companies effective October 1, 2011. Ennis is one of the largest and most highly successful printing resellers in the industry. The acquisition of Printgraphics by Ennis will ensure the continued growth of the company into the future by allowing us to take advantage of their vast network of suppliers and economic strength.” “It is also important to note that our customers will essentially see no change in their daily interaction with Printgraphics. The Ennis business model will allow us to operate as an autonomous business unit. This means our name and all of the associates at Printgraphics that have earned your trust over our long history will continue to be here to serve you now and into the future.” Keith Walters, Chairman, President and CEO of Ennis, also noted, “We are very happy to have Printgraphics join the Ennis organization. We are delighted to have Paul and his team continue to work with the Printgraphics customers and continue their fine tradition of quality products and service. As we have done with our other acquisitions, Printgraphics’ customers will see no change in their daily interaction with Printgraphics.” About Ennis Ennis, Inc. ( www.ennis.com) is primarily engaged in the production of and sale of business forms, apparel and other business products. The Company is one of the largest private-label printed business product suppliers in the United States. Headquartered in Midlothian, Texas, the Company has production and distribution facilities strategically located throughout the United States of America, Mexico and Canada, to serve the Company's national network of distributors. The Company, together with its subsidiaries, operates in two business segments: the Print Segment ("Print") and Apparel Segment ("Apparel"). The Print Segment is primarily engaged in the business of manufacturing and selling business forms, other printed business products, printed and electronic media, presentation products, flex-o-graphic printing, advertising specialties and Post-it Notes®, internal bank forms, plastic cards, secure and negotiable documents, envelopes and other custom products. The Apparel Segment manufactures T-Shirts and distributes T-Shirts and other active-wear apparel through nine distribution centers located throughout North America.
Looking at the universe of stocks we cover at Dividend Channel, on 1/5/15, Ennis Inc will trade ex-dividend, for its quarterly dividend of $0.175, payable on 2/2/15. As a percentage of EBF's recent stock price of $13.51, this dividend works out to approximately 1.30%, so look for shares of Ennis Inc to trade 1.30% lower — all else being equal — when EBF shares open for trading on 1/5/15.