PRZOOM - /newswire/ -
Atlanta, GA, United States, 2007/10/08 - VERCOR is pleased to announce the sale of Trade Envelopes, Inc., a printer and manufacturer of envelopes headquartered in Carol Stream, IL, to Ennis, Inc. - VercorAdvisor.com.
Headquartered in Midlothian, TX, Ennis is one of the largest private-label printed business product suppliers nationwide. VERCOR’s Managing Director, Rex W. Slagel, acted as the advisor to Trade Envelopes on the transaction that closed on September 17.
The purchase comes after Ennis received distributor requests for an envelope supplier able to service the Midwest and Southeastern regions. Trade Envelopes boasts sales of approximately $12 million per year. Ennis executives hope the acquisition will provide the capital and customer base necessary to grow the wholesale envelope business in the eastern United States. “Ennis has a customer base that numbers in the thousands and Trade has offered quality envelope products for 35 years. This union was a “win-win’ for both companies and will result in superior strategic positioning for Ennis as they proceed with their distribution plan.” states Slagel.
Ennis focuses on production of and sale of business forms, apparel and other business products The Company made an aggressive entrance into the envelope market with the 2006 acquisition of Block Graphics. The company’s latest purchase of Trade Envelopes expands and strengthens Ennis’ product line. “Rex and I worked through the buyer targets in order to find the best candidate for the transfer of my family business. It was a process that I couldn’t have done without help from Vercor. Ennis has brought a new perspective to the business and I’m excited that the company name will live on and that some of my family will continue to work here.” states Christine Fairchild, transferring owner of Trade.
VERCOR (vercoradvisor.com | vercor.com) is a leading provider of middle market investment banking services with 13 offices worldwide. Specializing in transactions for companies with revenues of $10 to $100 million, VERCOR offers extensive expertise in all stages of the business sale from concept to completion. VERCOR experts have executed transactions totaling over $600 million in value.
About Trade Envelopes, Inc.
Established in 1972, Trade Envelopes is an envelope manufacturer (converter) and printer, offering high quality, 1-4 color process printing, lithography and flexography capabilities. With two full-service locations, one in Tullahoma, Tennessee and the other in Carol Stream, Illinois, Trade Envelopes serves resellers across the nation.
About Ennis, Inc.
Ennis, Inc. is primarily engaged in the production of and sale of business forms, apparel and other business products. The Company is one of the largest private-label printed business product suppliers in the United States. Headquartered in Midlothian, Texas, the Company has production and distribution facilities strategically located throughout the United States of America, Mexico and Canada, to serve the Company’s national network of distributors.