Ennis Acquired Assets of Atlas
Ennis, Inc., a manufacturer of printed business products & apparel headquartered in Midlothian, Texas, has acquired certain assets of Atlas Tag & Label, Inc., headquartered in Neenah, WI.
No significant liabilities were assumed in the transactions and the transaction closed on Sept. 30.
The operation will operate under the trade name Atlas Tag & Label. The
acquisition is expected to be accretive to Ennis' earnings in the first full
year of operations and will expand the Company's capabilities in the tag and
label product lines sold through the indirect sales (distributorship)
marketplace.
The majority of Atlas Tag & Label Inc.'s employees have been offered positions with Ennis' new operation. Customers can continue contacting Atlas under the same methods. No changes to the day to day operations have been made and Atlas will continue to operate in the same facility.
"Atlas Tag & Label is an exciting addition to the Ennis family," said Keith
Walters, chairman, president and CEO. "This acquisition expands our tag and label capabilities and capacity while adding new customers. Like Ennis, Atlas has been serving the distributor market for more than 80 years, and we feel this addition will positively impact customers of both companies."
For more information, visit www.ennis.com.




