CONSOLIDATED GRAPHICS TO ACQUIRE EAGLE PRESS OF SACRAMENTO.HOUSTON--(BUSINESS WIRE)--May 6, 1996--Consolidated Graphics, Inc. (Nasdaq/NM:COGI COGI Coalition on Government Information (also known as the Minnesota Coalition on Government Information, or MNCOGI; promotes open access to public records) ) today announced the signing of a letter of intent to acquire Eagle Press of Sacramento, California “Sacramento” redirects here. For other uses, see Sacramento (disambiguation). Sacramento is the capital of the State of California and the county seat of Sacramento County. . Terms of the agreement were not disclosed. John Ross, founder of Eagle Press, will continue as its president following the acquisition. The company's name will remain unchanged. With 1995 revenues of $7 million, Eagle Press is one of the largest commercial printers in a printing market estimated at $100 million. "Eagle Press has an excellent reputation for providing outstanding service to its customers. This commitment to service has led to an outstanding relationship with one of the largest managed-care providers in the country. We expect this relationship will only be enhanced as a result of this transaction," said Joe R. Davis, chairman and chief executive officer of Consolidated Graphics Consolidated Graphics (NYSE "CGX") is a national, commercial printing company based in Houston, Texas. Founded in 1985 by Joe R. Davis, the company has grown to over 70 locations across 26 states and is known as the leading sheetfed, web and digital printing company in North , Inc. "We are excited about adding Eagle Press to our existing group of strong companies. Furthermore, this acquisition will represent our fourth entry into a new West Coast market this calendar year," concluded Davis. Consolidated Graphics, Inc. is one of the fastest growing printing companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . It is a consolidator in a fragmented industry that adds value to its acquisitions by providing the financial and operational strengths, management support and technological advantages associated with a larger organization. With the completion of the acquisitions of Bridgetown Printing in Portland, Oregon, and Eagle Press, Consolidated Graphics will operate printing companies in a total of ten markets which also include Dallas, Denver, Houston, Phoenix, San Antonio San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. , San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , Seattle and Tulsa. CONTACT: Consolidated Graphics, Inc., Houston Mary K. Collins, 713/529-4200 |
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