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Ennis Acquires Kay Toledo in Stock Purchase

Tuesday, January 06, 2015

Press release from the issuing company

Midlothian, Texas - Ennis, Inc. (the “Company”), announced the purchase of Kay Toledo Tag and Special Service Partners (collectively “Kay Toledo”) in a stock purchase transaction that closed December 31, 2014.  Kay Toledo has locations in Toledo, Ohio and Neenah, Wisconsin through Special Service Partners. Experts in digital printing and customer short-run printing, Kay Toledo Tag produces tags, labels, tickets and commercial printing. Kay Toledo Tag has $25 million in sales and sells through distributors and resellers. The Company will have 5 tag facilities in Texas, Iowa, Ohio and Wisconsin.

Keith Walters, Chairman, President & CEO of the Company stated, “we are delighted to have the opportunity to combine the tag and label expertise of Kay Toledo Tag with the other Tag & Label operations of Ennis. The Kay family will be instrumental in bringing their skills and know-how in this market to the Ennis organization and we believe they will allow us to grow this business in all segments of the Tag & Label market.

Dan Kay, President of Kay Toledo Tag, Inc. stated that “he and his family are excited to be able to merge with the Ennis organization. The ability to market to a broader customer base with more geographic and product diversity will strengthen the business and allow Kay Toledo Tag to expand. The financial strength of Ennis will allow us to grow this business and serve our customers”.

The operations will continue under the Kay Toledo Tag and Special Service Partners names. All of the locations will continue their normal operations.

 

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