Consolidated Graphics Completes Acquisition of T/0 Printing of Westlake Village, California.HOUSTON, Texas--(BUSINESS WIRE)--Aug. 2, 1999-- 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. (NYSE NYSE See: New York Stock Exchange :CGX CGX Consolidated Graphics Inc. CGX Meigs Field, Chicago, Illinois (Airport Code) ) announced today that it has completed its acquisition of T/O T/O Time Out T/O Turnover T/O Take Out (restaurant food) T/O Takeoff T/O Theater of Operations T/O Table of Organization T/O Target of Opportunity T/O Train Operator T/O Tap-off T/O Thermal Oxidizer Printing of Westlake Village, California Westlake Village is a city located in Los Angeles County, California, USA. The population was 8,368 at the 2000 census. This city located in the Conejo Valley is known for its affluence and secluded character, and is considered one of the wealthier communities in the Greater Los . T/O Printing is a high-quality commercial printer serving the Greater Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and Ventura County markets. The current management team of Gary Polson and Michael Scher will remain with the company upon completion of the transaction. Other terms were not disclosed. Joe R. Davis, Chairman and Chief Executive Officer of Consolidated Graphics, commented, "T/O Printing continues our growth-through-acquisition strategy and offers us additional opportunity to improve upon Consolidated Graphics' operating strength. Gary and Michael share our commitment to service and have an outstanding customer list as a result. We look forward to working with the T/O team as they benefit from the management depth and resources which Consolidated Graphics offers to all of its companies." Consolidated Graphics, Inc. is the fastest growing printing company in the United States. A consolidator in a highly fragmented industry, the Company adds value to its acquisitions through managerial and operational expertise, financial strength and economies of scale. Upon completion of pending acquisitions, Consolidated Graphics will have companies in 25 states with annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues in excess of $650 million. For more information, visit the Company's website at www.consolidatedgraphics.com. This press release contains forward-looking statements, which involve known and unknown risks, uncertainties or other factors that could cause actual results to materially differ from the results, performance, or other expectations implied by these forward-looking statements. Consolidated Graphics' expectations regarding run-rate revenues assume, among other things, completion of pending acquisitions, general economic conditions, continued demand for its product, the availability of raw materials, retention of its key management and operating personnel, as well as other factors detailed in Consolidated Graphics' filings with the Securities and Exchange Commission. |
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