SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 1, 1996
ENNIS BUSINESS FORMS, INC.
(Exact name of registrant as specified in its charter)
TEXAS
(State or other jurisdiction of incorporation)
1-5807 75-0256410
(Commission File Number) (IRS Employer Identification No.)
107 N. Sherman Street, Ennis, Texas 75119
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (214) 872-3100
No Change
(Former name or former address, if changed since last report)
SECURITIES AND EXCHANGE COMMISSION
FORM 8-K
Item 5. Other Events
On April 1, 1996, the Company announced the completion of
two transactions to purchase the operating assets and operations
of two privately-owned specialty printing companies and the
authorization by the Board of Directors of a significant increase
in the Company's capital expenditures (see Exhibit (c)).
Item 7. Financial Statements and Exhibits
(c) Exhibits
20. Press Release dated April 1, 1996
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
ENNIS BUSINESS FORMS, INC.
Date: April 4, 1996 /s/Harve Cathey
Harve Cathey
Vice President - Finance & Secretary
ENNIS BUSINESS FORMS, INC.
PRESS RELEASE
FOR IMMEDIATE RELEASE FOR ADDITIONAL INFORMATION
CONTACT: Kenneth A. McCrady
(214) 872-3141
Ennis, Texas, April 1, 1996
ENNIS BUSINESS FORMS, INC. ANNOUNCES MAJOR EXPANSION
Kenneth A. McCrady, Chairman of the Board, announced today
that Ennis Business Forms, Inc. has purchased in separate
transactions the operating assets and operations of two privately-
owned specialty printing companies located on the West Coast for
aggregate cash consideration of approximately $8 million, a small
portion of which is to be paid in installments over several
years. In their most recent fiscal years the operations
purchased had combined sales of approximately $10 million, and
the purchased assets have a combined book value of approximately
$3 million.
Mr. McCrady also announced that, in addition to the
acquisitions described above, Ennis Business Forms' Board has
authorized $16.5 million of capital expenditures for the current
fiscal year, which exceeds aggregate capital expenditures over
the last five fiscal years.
The purchased businesses enhance the Company's presentation
folder offering on the West Coast and provide an entry into the
short-run commercial printing market, for which the Company plans
a major marketing effort to its dealers. Most of the capital
expenditures are intended to permit the Company to take advantage
of growth opportunities in new products and product extensions.
These investments will contribute to revenue growth
commencing immediately; however, they are not likely to have a
significant effect on earnings in the near- term.
This expansion program is being financed with internally
generated funds.
