CONSOLIDATED GRAPHICS TO ACQUIRE MOBILITY, INC. OF RICHMOND, VIRGINIA; REPRESENTS ENTRY INTO MID-ATLANTIC REGION.HOUSTON, Texas--(BUSINESS WIRE)--Sept. 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 Mobility, Inc. of Richmond, Virginia Richmond IPA: [ɹɯʒmɐnɖ] is the capital of the Commonwealth of Virginia, in the United States. . Mobility has served the Richmond area since 1969. Terms of the agreement were not disclosed. Mobility is a high-quality, full-service sheet-fed printer. Its four sheet-fed presses have up to six-color capability and are complemented by state-of-the-art pre-press and bindery A NetWare file used for security and accounting in the early NetWare 2.x and 3.x versions. The bindery pertained only to the server it resided in and contained the names and passwords of users authorized to log in to that server. equipment. The company reported revenues of $6 million in 1995. Mobility founder Stephen R. Hutchins will continue as president of the company and its name will remain unchanged. "The Company has an excellent 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 outstanding customer service. We are excited about adding Mobility's capabilities and its great team of employees to our already strong group of companies," 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. "This important acquisition represents our first entry into the Mid-Atlantic region, a vibrant, growing market. It is also our fourth announced acquisition since the beginning of our fiscal year in April. The total annual revenues generated by these four companies exceeds $34 million, bringing our annual run-rate revenues to a total of $140 million," 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. Upon completing the acquisition of Mobility, Inc., Consolidated Graphics will operate sixteen printing companies in twelve markets. CONTACT: Consolidated Graphics, Inc., Houston Mary K. Collins, 713/529-4200 |
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