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Stock impact report

Ennis to Acquire All of the Stock of The Flesh Company and Its Subsidiary, Impressions Direct

Ennis, Inc. (EBF) 
US:NYSE Investor Relations: ennis.com/about/investor-relations
Company Research Source: Business Wire
MIDLOTHIAN, Texas--(BUSINESS WIRE)--Ennis, Inc. (the “Company”), (NYSE: EBF), announced the signing of a Share Purchase Agreement to acquire all the outstanding stock of The Flesh Company and its wholly owned subsidiary, Impressions Direct, Inc. (collectively, “Flesh”). The closing will occur on July 15, 2019, but the transfer of ownership for the transactions contemplated by this Agreement shall be deemed for all purposes (including, without limitation, title, possession, financial reporting and tax purposes) as of 11:59 p.m. Dallas time on July 13, 2019 (the “Effective Date”). Flesh is a printing company with two locations. The St. Louis, Missouri, location contains their corporate office and direct mail operations and their Parsons, Kansas, location has their main manufacturing facility and warehouse. Ennis will buy the stock for cash, and the price is subject to certain working capital and escrow adjustments. Additional consideration in the form of an earn-out is also being es Show less Read more
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