Consolidated Graphics to Acquire StorterChilds Printing Company in Gainesville, Florida.HOUSTON--(BUSINESS WIRE)--December 8, 1997--Consolidated Graphics, Inc. (NYSE/CGX) today announced the signing of a letter of intent to acquire StorterChilds Printing Company, Inc. of Gainesville, Florida Gainesville is the largest city and county seat of Alachua County, Florida.GR6 Gainesville is home to the University of Florida, the largest university of the State University System of Florida and the third-largest university in the United States. in a stock-for-stock transaction. With the acquisition of StorterChilds, 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 makes its entry into the attractive Florida printing market. StorterChilds, founded almost 50 years ago, is an award-winning printing company and one of the leading commercial printers in Central Florida
Central Florida is the central region of the United States state of Florida, on the East Coast. . StorterChilds Printing Company's management team of John Childs John Childs may be:
Joe R. Davis, Chairman and Chief Executive Officer of Consolidated Graphics, stated, "The addition of StorterChilds is a very positive first step into an important U.S. printing market and we look forward to working with John Childs, Jim Storter, and their dedicated employees on ways to further strengthen their market position in Central Florida." 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 this acquisition, Consolidated Graphics will have 27 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 $260 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 that are subject to the execution of definitive agreements, general economic conditions, continued demand for its product, the 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. CONTACT: Consolidated Graphics, Inc. Ronald E. Hale, Jr. Vice President & Treasurer (713) 529-4200 -OR- Morgen-Walke Associates, Inc. Betsy Brod/Nancy Healy Media: Stan STAN Stanchion STAN Stärke- und Ausrüstungsnachweis (German) Stan Standard Man (human patient simulator) STAN SEMCIP Technical Assistance Network STAN System Trace Audit Number STAN Star Trek Area Network Froelich (212) 850-5600 |
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