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Company looks to focus on print division expansion.
April 8, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
Ennis Inc. has announced the pending sale of its Apparel Division and certain preliminary and unaudited financial information. On April 1, 2016, the company entered into a Unit Purchase Agreement with Alstyle Operations, LLC, pursuant to which it has agreed to sell Alstyle Apparel LLC and its subsidiaries, which constitute the company’s apparel division, to the buyer for an aggregate purchase price of $88,000,000. The purchase price includes $76,000,000 in cash to be paid at closing, subject ...
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