Cunningham Graphics International Acquires Apollo -UK- Limited.JERSEY CITY, N.J.--(BUSINESS WIRE)--June 21, 1999-- Cunningham Graphics International, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NM: CGII CGII Canadian Government Information on the Internet CGII Capital Group International, Inc. ) announced today that it has completed the acquisition of Apollo (UK) Limited and affiliates ("Apollo"), a full service commercial printing company located in London, England. Apollo is a high quality graphic communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. which operates a state of the art facility in the Canary Wharf
Canary Wharf is a large business development in London, located on the Isle of Dogs in the London Borough of Tower Hamlets, centred on the old West India Docks in section of London. Services provided by the Company include: graphic design, direct to plate, digital archiving, large format multi-color offset printing, complete binding and fulfillment and language translation services. Brian Coles, President of Apollo, will join Peter Furlonge as Co-Managing Director of Cunningham Graphics International's European operations. Michael Cunningham Michael Cunningham (born November 6, 1952) is an award-winning American writer, best known for his 1998 novel The Hours, which won the Pulitzer Prize for Fiction and the PEN/Faulkner Award in 1999. , Chairman and Chief Executive Officer of Cunningham Graphics International, commented, "The acquisition of Apollo complements our London based divisions, Roda Print and Goldhawk Reprographics Duplicating printed materials using various kinds of printing presses and high-speed copiers. , exceptionally well. This acquisition will allow us to consolidate our London facilities creating many efficiencies while offering our clients an impressive array of quality graphic communication services." Brian Coles, commented, "I believe the addition of Apollo to Cunningham Graphics International's existing European operations will create an international presence unlikely to be equaled." Management expects Apollo's 1999 revenue to be in excess of $10 million and to be accretive to Cunningham Graphics International's 1999 earnings. Terms of the transaction were not disclosed. Cunningham Graphics International is a leading consolidator in the graphic communications industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. . Apollo is the Company's sixth acquisition completed this year. Cunningham Graphics International provides time-sensitive graphic communications services and outsourcing solutions to a blue chip client base. The Company currently operates in select international markets through its facilities in the United States, the United Kingdom, Hong Kong, Singapore and Canada. Graphic communication services provided by the company include, digital communications, document management, offset and digital printing, data output, bindery A NetWare file used for security and accounting in the early NetWare 2.x and 3.x versions. The bindery pertained only to the server it resided in and contained the names and passwords of users authorized to log in to that server. , fulfillment and mailing services. This press release may contain forward-looking statements, 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. Factors which could cause or contribute to such differences include, but are not limited to, continued demand for its services, the availability of raw materials, the impact of competitive services and pricing, risks in technology development, changing economic conditions and other risk factors detailed in the Company's filings with the Securities and Exchange Commission. |
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