Consolidated Graphics to Acquire Global Group Inc.
Thursday, June 29, 2006
HOUSTON, June 28 -- Consolidated Graphics, Inc. announced today that it has signed a letter of intent to acquire Global Group Inc., located in Fort Worth, Texas. The Company expects to complete the transaction during its second quarter ending September 30, 2006. Founded in 1971, Global Group is a printing and technology company offering high quality sheetfed, web and digital printing services, as well as direct mail, creative design, desktop publishing, media asset management, technical writing, finishing and fulfillment. The present management team, including Jim Wolf, President and Chief Executive Officer, and founder of Global Group, will stay on following the completion of the transaction. "Jim Wolf and the employees of Global Group have built a first class business with a strong vision for the future by investing in new technology, equipment and infrastructure to serve an impressive and diverse customer base," commented Joe R. Davis, Chairman and Chief Executive Officer of Consolidated Graphics. "We look forward to working with Jim and his team to build on their great reputation for service and innovation." Jim Wolf added, "Consolidated Graphics' considerable strategic and economic advantages and their keen focus on incorporating technology into the realm of printing services makes them the ideal company to help Global Group continue our growth, provide new services to our customers and create new opportunities for our dedicated employees. We are very pleased to be joining the leader in our industry."