CONSOLIDATED GRAPHICS TO ACQUIRE HERITAGE GRAPHICS OF PHOENIX.HOUSTON--(BUSINESS WIRE)--May 5, 1995--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 Heritage Graphics, Inc., one of the largest commercial printing companies in Phoenix. Terms of the agreement were not disclosed. The co-founders of the sixteen-year-old company, John Morton
John Morton (c. 1420 – September 15, 1500) was an English cleric. , President, and Tim Lonsberry, Vice President, will continue in their present roles, and the company's name will remain unchanged. With 1994 revenues of approximately $6 million, Heritage Graphics serves more than 250 companies in the growing Phoenix area. "Heritage is one of the premier commercial sheet-fed printers in Phoenix, with a solid reputation for quality craftsmanship Craftsmanship Alcimedon a first-rate carver in wood. [Rom. Lit.: Vergil Eclogues, iii. 37.] Argus skillful builder of Jason’s Argo. [Gk. Myth.: Walsh Classical, 29] Athena (Rom. and service," 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 that Heritage will be a part of our continued expansion into western U.S. markets. "John Morton and Tim Lonsberry have created a highly successful business, and it is our intent for them to continue to do what they do best. Their professional staff will remain in place. Our philosophy of combining the service and responsiveness of a local printing company with the economic advantages of a large printer will only enhance Heritage's operating capabilities Noun 1. operating capability - the capability of a technological system to perform as intended performance capability capability, capableness - the quality of being capable -- physically or intellectually or legally; "he worked to the limits of his ," 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. . The Company's growth strategy is to acquire local printing companies in high-potential metropolitan markets. Consolidated Graphics currently operates printing companies in Dallas, Denver and Houston. CONTACT: Consolidated Graphics, Inc., Houston Mary K. Collins, 713/529-4200 |
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