Consolidated Graphics Expands Digital Media Services Group With Acquisition of Maryland Composition.com.HOUSTON--(BUSINESS WIRE)--September 24, 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 the acquisition of Maryland Composition.com of Baltimore, Maryland "Baltimore" redirects here. For the surrounding county, see Baltimore County, Maryland. For other uses, see Baltimore (disambiguation). Baltimore is an independent city located in the state of Maryland in the United States. . Maryland Comp.com is a digital media service provider specializing in the conversion, repurposing, and management of electronic media for a broad range of clients and industries. Calvin Cox, President, will continue to lead the company upon completion of the transaction. Joe R. Davis, Chairman and Chief Executive Officer of Consolidated Graphics, said, "The addition of Maryland Comp.com bolsters our company-wide digital and electronic media capabilities by adding significant expertise and capacity in the areas of digital conversion and data repurposing. This will be very valuable as we continue to advance the electronic and Internet-related services offered at our 63 other companies." Calvin Cox, President of Maryland Comp.Com said, "We are very pleased to be joining Consolidated Graphics as our businesses are very complementary. Not only do we provide digital media services to a high-quality customer base, but our clients are also buyers of significant printing volume. We think it is a great fit for both companies." John Green, Executive Vice President of Digital and Electronic Media Services for Consolidated Graphics added, "We have worked closely with Calvin Cox and Maryland Comp.com for a number of years and recognized an opportunity to expand the depth of our technology team at Consolidated Graphics. We welcome Calvin and his talented staff to our group." 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 frag·ment n. 1. A small part broken off or detached. 2. An incomplete or isolated portion; a bit: overheard fragments of their conversation; extant fragments of an old manuscript. 3. 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 operating 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 $695 million. For more information, visit the Company's website at www.consolidatedgraphics.com. 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. |
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