Ennis Acquires School Photo Marketing

Rhea-AI Summary

Ennis, Inc. (NYSE:EBF) has announced its acquisition of School Photo Marketing, a provider of printing and marketing services to over 1,400 school and sports photographers based in Morganville, New Jersey. This acquisition is expected to enhance Ennis' service capabilities within the educational photography sector. The integration will allow School Photo Marketing to continue operating under its name while leveraging Ennis' manufacturing resources. This strategic move aligns with Ennis' wholesale manufacturing-distribution model, potentially expanding their market reach.

Positive

• Acquisition of School Photo Marketing expands Ennis' service offerings in the educational photography sector.
• Integration allows School Photo Marketing to leverage Ennis' manufacturing capabilities, enhancing operational efficiency.

Negative

• None.

MIDLOTHIAN, Texas--(BUSINESS WIRE)-- Ennis, Inc. (the "Company"), (NYSE EBF), today announced its acquisition of School Photo Marketing in Morganville, New Jersey. School Photo Marketing provides printing, yearbook publishing and marketing-related services to over 1,400 school and sports photographers servicing schools around the country.

Keith Walters, Chairman, President & CEO of the Company stated, “We are delighted to have the opportunity to bring School Photo Marketing, their employees, and their customers into the Ennis family. This addition brings with it many exciting possibilities to service this new channel with products produced through Ennis manufacturing operations.”

School Photo Marketing operates through a similar wholesale manufacturer-distributor-end user channel as Ennis currently operates. School Photo Marketing specializes in serving photo labs as well as school and sports photographers by expanding their reach and becoming an invaluable asset to their business.

Upon closing, operations will continue to operate as School Photo Marketing in their current locations.

About Ennis

Since 1909, Ennis, Inc. has primarily engaged in the production and sale of business forms 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 to serve the Company’s national network of distributors. The Company manufactures and sells business forms, other printed business and commercial products, printed and electronic media, presentation products, flexographic printing, internal bank forms, secure and negotiable documents, envelopes, tags and labels, advertising specialties, adhesive notes, plastic cards and other custom products. For more information, visit ennis.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221130006022/en/

Ennis, Inc.

Phone: 972.775.9801

Fax: 972.775.9820

Email: pr@ennis.com

ennis.com

Source: Ennis, Inc.

FAQ

What is the significance of Ennis' acquisition of School Photo Marketing?

The acquisition enhances Ennis' service offerings in the educational photography market, benefiting both companies.

How does the acquisition of School Photo Marketing impact Ennis' business model?

It aligns with Ennis' wholesale manufacturing-distribution model, potentially expanding their market reach.

What will happen to School Photo Marketing after the acquisition?

School Photo Marketing will continue to operate under its name and maintain its current locations.

When was the acquisition of School Photo Marketing announced?

The acquisition was announced recently, but the specific date was not provided in the press release.