Consolidated Graphics Completes Printing, Inc. Acquisition.HOUSTON--(BUSINESS WIRE)--June 11, 1998--Consolidated Graphics, Inc. (NYSE NYSE See: New York Stock Exchange :CGX CGX Consolidated Graphics Inc. CGX Meigs Field, Chicago, Illinois (Airport Code) ) today announced that it has completed its acquisition of Printing, Inc. of Wichita, Kansas
Wichita, also known as the Air Capital of the World, is the largest city in the U.S. state of Kansas, as well as a major aircraft manufacturing hub and cultural center. . Printing, Inc. is the leading commercial printing company in Wichita and has been serving customers throughout Kansas and the Midwest region since 1958. The company was acquired in a stock- for-stock transaction. Mark Woodman, President of Printing, Inc., will continue to lead the company in his current capacity. Other terms of the transaction were not disclosed. 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 , commented, "Printing, Inc. is a significant acquisition for Consolidated Graphics and expands our presence into yet another new market. Led by Mark Woodman, the company has an excellent management team in place that will continue to grow the business and benefit from our financial and operational resources, purchasing strengths, and 'Best Practices' approach to operations. We are excited that Printing, Inc. has chosen to join the Consolidated Graphics team and look forward to growing and improving their operations." Consolidated Graphics, Inc. is the fastest growing printing company 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. . 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 39 companies 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 $385 million. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. CONTACT: Consolidated Graphics, Inc., Houston Ronald E. Hale, Jr., 713/787-0977 or Morgen-Walke Associates, Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Betsy Brod/Jonathan Schaffer Stan Froelich (Media) 212/850-5600 |
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