Consolidated Graphics to Acquire Woodridge Press of Anaheim, California.HOUSTON, Texas--(BUSINESS WIRE)--Nov. 11, 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 signed a letter of intent to acquire Woodridge Press Inc. of Anaheim, California “Anaheim” redirects here. For Annaheim, see Annaheim, Saskatchewan. Anaheim is a city in Orange County, California, located 28 miles southeast of Los Angeles. . Since 1973, Woodridge has provided traditional sheet-fed commercial printing services to a concentration of high-tech companies. Upon completion of the transaction, Woodridge will continue to be led by its founders, Roger May, Don Chamberland, and Tim Prusia. Other terms were not disclosed. Joe R. Davis, Chairman and Chief Executive Officer of Consolidated Graphics, commented, "The acquisition of Woodridge enables Consolidated Graphics to broaden its presence in the important southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, print market. With over 30 years of industry experience, Roger, Don, and Tim have developed a profitable printing operation with a loyal customer base. We welcome this outstanding company and its dedicated staff to our organization." Roger May commented, "We have developed a reputation for providing customers with high-end products and quality service. By joining Consolidated Graphics, we will be in a position to enhance customer satisfaction by gaining access to a superior capital structure, advanced printing technology, and managerial expertise." 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. . 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 comld cause actual results to materially differ from the results, performance or other expectations implied by these 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. . 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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