Business Description
Ennis, Inc. (formerly Ennis Business Forms, Inc.) was organized under the laws
of Texas in 1909. Ennis, Inc. and its subsidiaries print and manufacture a broad
line of business forms and other business products (the “Print Segment”)
and also manufacture a line of activewear (the “Apparel Segment”)
for distribution throughout North America. The Print Segment distributes business
products and forms throughout the United States primarily through independent
dealers. This distributor channel encompasses independent print distributors,
commercial printers, direct mail, fulfillment companies, payroll and accounts
payable software companies, and advertising agencies, among others. We also
sell products to many of our competitors to satisfy their customers’ needs.
The Apparel Segment produces and sells activewear, including T-shirts, fleece
goods and other wearables. Distribution of our activewear throughout the United
States, Canada and Mexico is primarily through sales representatives. The distributor
channel encompasses activewear wholesalers and screen printers. We offer a great
selection of high-quality activewear apparel with a wide variety of styles and
colors in sizes ranging from toddler to 6XL. The apparel line features a wide
variety of tees and fleece.
Our management believes we are the largest provider of business forms, pressure-seal
forms, labels, tags, envelopes, and presentation folders to independent distributors
in the United States and are also a significant provider of blank T-shirts in
North America to the activewear market. We operate in two reportable segments:
Print and Apparel.
Approximately 96% of the business products manufactured by the Print Segment
are custom and semi-custom products, constructed in a wide variety of sizes,
colors, number of parts and quantities on an individual job basis depending
upon the customers’ specifications.
Alstyle markets high quality knitted activewear (including T-shirts, tank tops
and fleece) across all market segments. The main products of Alstyle are standardized
shirts manufactured in a variety of sizes and colors. Approximately 97% of Alstyle’s
revenues are derived from T-shirt sales and approximately 89% of its sales are
domestic. Alstyle’s branded product lines are sold mainly under the AAA®,
Alstyle Apparel and Activewear®, and Murina® brands.