Consolidated Graphics Expands Northern California Market Share; Acquires Lithographix, Inc.'s San Francisco Commercial Sheet-Fed Operations.Business Editors HOUSTON--(BUSINESS WIRE)--Sept. 17, 2003 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 acquired the San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden commercial sheet-fed operations of Lithographix, Inc. "This is an exciting opportunity for us to expand our capacity and services to new and existing customers in the Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern market," commented Joe R. Davis, Chairman and Chief Executive Officer. "The Lithographix operations will be merged into our existing operations in Hayward, creating one of the largest, state-of-the-art, full-service printing companies in the area. When further combined with the additional solutions offered through our CGXmedia group, the expanded operation will be extremely well positioned for market leadership and growth." "The completion of this acquisition, together with our recently completed acquisition of Custom Graphics, Inc. in Cleveland, Ohio "Cleveland" redirects here. For the Cleveland metropolitan area, see . For other uses, see Cleveland (disambiguation). Cleveland is a city in the U.S. state of Ohio and the county seat of Cuyahoga County, the most populous county in the state. , demonstrates our unique ability in the commercial printing industry to expand market share through the execution of a disciplined acquisition strategy," continued Mr. Davis. "We continue to see opportunities in the marketplace to acquire companies with great reputations for quality and customer service." Consolidated Graphics, Inc. is the largest sheet-fed and half-web commercial 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. . Through locations in 25 states, the Company produces high-quality customized printed materials for a broad customer base that includes many of the most recognized companies in the country. Consolidated Graphics also offers an extensive and growing range of digital and Internet-based services and solutions marketed through CGXmedia. Consolidated Graphics is focused on adding value to its operating companies operating company A business that engages in transactions with outsiders. by providing financial and operational strengths, management support and technological advantages associated with a national organization. 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 future sales and profitability assume, among other things, stability in the economy and reasonable growth in the demand for its products, the continued availability of raw materials at affordable prices, retention of its key management and operating personnel, as well as other factors detailed in Consolidated Graphics' filings with the Securities and Exchange Commission. The forward-looking statements, assumptions and factors stated or referred to in this press release are based on information available to Consolidated Graphics today. Consolidated Graphics expressly disclaims any duty to provide updates to these forward-looking statements, assumptions and other factors after the day of this release to reflect the occurrence of events or circumstances or changes in expectations. |
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