Hopkins Printing of Columbus, Ohio announced today that it has rewarded its employees with a stock ownership plan:

Hopkins Printing has announced the formation of an Employee Stock Ownership Plan (ESOP) to recognize its employees' commitment to the company and as a way to advance its sustainable growth.

"As we considered the long-term future of the company and our employees, it seemed right to us that it be sold to our employees rather than to outside interests," said Jim Hopkins, president of Hopkins Printing. "Without the hard work and dedication of our employees, we would not have reached the success we have attained, nor would we have become one of the most award-winning printing companies in Central Ohio.

"What better way for us to reward our employees?"

In April Consolidated Graphics had signed a letter of intent to acquire Hopkins Printing, Inc:

"Over the last 30 years the Hopkins family has built a first class business with an excellent reputation," commented Joe R. Davis, Chairman and Chief Executive Officer of Consolidated Graphics. "Hopkins Printing represents an ideal opportunity for Consolidated Graphics to significantly expand its leading national footprint while also giving Jim and his management team the opportunity to continue growing their company by leveraging Consolidated Graphics' considerable strategic and technological advantages."