Key Takeaways
• Another Acquisition: Ennis Inc. (asi/52493) acquired Northeast Envelope, a trade manufacturer and converter based in Old Forge, PA.
• Geographic Boosts: The acquisition strengthens Ennis’ envelope converting and printing capabilities in the eastern U.S., which it had been growing for years thanks to other prior acquisitions.
Ennis Inc. (asi/52493) announced this morning that it has acquired Northeast Envelope, a trade manufacturer based in Old Forge, PA. It’s the company’s first acquisition in nearly a year – most recently Printing Technologies Inc. in June of 2024, and before that fellow Pennsylvania companies Eagle Graphics and Diamond Graphics. The Midlothian, TX-based supplier of print solutions and promotional products had made at least four acquisitions between mid-2023 and last summer.
“Northeastern Envelope and the Burke family are well-known and respected throughout the envelope manufacturing industry,” said Keith Walters, chairman, president and CEO of Ennis. “The addition of Northeastern to our existing facilities Wisco Envelope and National Imprint strengthens Ennis’ envelope converting and printing in this strategic part of the country, where we service many customers.”
Northeastern Envelope was founded in 1966 and specializes in envelope products like flip-and-seal, double windowed envelopes, full-view window envelopes, coin envelopes and more.
In 2013, following the acquisition of Custom Envelope Group from Conveo Corporation, Walters said that Ennis would continue to expand its envelope production and imprinting operations in the eastern U.S. to broaden its geographic reach with envelope products.
Last year, after the acquisition of Printing Technologies Inc., Walters confirmed that the company would remain aggressive in its pursuit of strategic acquisitions as long as it remained financially viable.
“Our profitability and strong financial condition will allow us to continue operations and fund acquisitions without incurring debt,” he said. “Given those strengths, we also anticipate timely access to credit should larger acquisition opportunities materialize.”
Financial details of the transaction were not disclosed.
