United StatesManufacturing

Oriental Rise Holdings (NASDAQ:ORIS) has entered into a non-binding letter of intent to acquire a controlling interest in Hubei Daguan Tea Industry Group Co., a vertically integrated producer based in the tea-rich region of Yingshan County.

Ennis (NYSE:EBF), a major manufacturer of printed business products, reported an increase in third-quarter profitability on Monday, as significant margin expansion helped the company overcome a softer nine-month revenue trend.