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Ennis, Inc. Announces Acceptance of $110 Million Superior Offer for Its Apparel Division

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MIDLOTHIAN, Texas--(BUSINESS WIRE)--Ennis, Inc. (the “Company”), (NYSE: EBF), today announced that it has accepted a superior offer to sell Alstyle Apparel, LLC and its subsidiaries, which constitute the Company’s apparel division (the “Apparel Division”), to Gildan Activewear Inc. (“Gildan”) and that it has terminated its previously announced sale agreement with another buyer, all as more fully described below. Sale of Apparel Division In connection with the superior offer, the Company and Gil


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