The Motley Fool Discussion Boards
Stocks E / Ennis Business Forms Inc.
|Subject: Re: EBF's Top Manager||Date: 8/23/2004 2:24 PM|
|Author: JimPope||Number: 22 of 38|
Sorry about that. I was not required to register when I first went to this site earlier this am. Then when I went back to get this requested info, I had to sign up! Strange!
Anyway, here's the article:
Getting big by staying small
Simple approach works for business-forms firm based in Midlothian
By J.G. Domke
Special to the Star-Telegram
It looked bad four years ago.
Consultants and financial advisers said that Ennis Inc. was outdated and not keeping up with the times. Although the company had been in business since 1909 and was growing, its stock took a nose dive.
But the advisers were wrong, says Chief Executive Keith Walters, at the company's new corporate office in Midlothian. Ennis is healthy and growing, and reported $256 million in sales when the fiscal year ended in April.
The company keeps growing. In June, it bought competitor Crabar/GBF, and it will expand its product line by merging with AlStyle Apparel, a deal that was announced in July but won't be official until September.
Walters says Ennis is committed to improve its service to customers and expects sales of more than half a billion dollars in 2005.
Consultants are touting Ennis as an example for others.
The business started in Ennis,