Ennis to acquire The Flesh Company and Impressions Direct subsidiary
Ennis has signed a Share Purchase Agreement to acquire all the outstanding stock of The Flesh Company and its wholly owned subsidiary, Impressions Direct. The closing will occur on July 15, but the transfer of ownership for the transactions contemplated by this Agreement shall be deemed for all purposes as of July 13. 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. Flesh had approximately $31.1M in sales for the twelve months ended September 30, 2018 and sells mainly to distributors and resellers. The company believes the transaction will be accretive to its shareholders. All of the facilities will continue their normal operations in their current locations.