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Ennis Acquires Northeastern Envelope

1. EBF acquires Northeastern Envelope to enhance product offerings. 2. The acquisition supports EBF's growth in custom envelope manufacturing.

M&A
-0.31%Current Return
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+0.97%S&P 500
$19.3104/11 05:49 PM EDTEvent Start
$19.2504/14 06:03 PM EDTLatest Updated
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FAQ

Why Bullish?

This acquisition strengthens EBF's market position, akin to previous successful mergers like Vista's acquisition of Printegra in 2016, which led to increased market share and revenue growth.

How important is it?

The acquisition directly enhances EBF’s competitive advantage and potential revenue growth, reflecting positive sentiment in the industry.

Why Long Term?

The benefits of the acquisition, including expanded production capabilities and market reach, will likely materialize over several quarters, similar to historical impacts seen in similar industry acquisitions.

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VFCRHIPBI
MIDLOTHIAN, Texas--(BUSINESS WIRE)--Ennis, Inc. (the “Company”), (NYSE: EBF), is pleased to announce its acquisition of Northeastern Envelope in Old Forge, PA. Founded in 1966, Northeastern Envelope is a leading manufacturer to the trade of a wide of variety of envelopes. In addition to their custom converting and manufacturing, Northeastern inventories hundreds of double window and single window envelopes allowing for same day shipping. “Northeastern Envelope and the Burke family are well know.

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