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Consolidated Graphics Completes Kelmscott Acquisition

Press release from the issuing company

HOUSTON, March 3 -- Consolidated Graphics, Inc. today announced it has completed its acquisition of Kelmscott Communications LLC, a privately-held provider of commercial printing services in five Midwest and West Coast states with annual sales of $100 million. Terms of the transaction were not disclosed. Consolidated Graphics utilized available capacity under its bank revolving credit facility to complete the acquisition. The Kelmscott operations include Anderson Printing in Hollywood, CA; CDS Publications in Medford, OR; Maximum Graphics in Minneapolis, MN; Orange County Printing in Irvine, CA; Printing Control Graphics in Seattle, WA; Spangler Graphics in Kansas City, KS; and Watermark Graphics in San Francisco, CA. Joe R. Davis, Chairman and Chief Executive Officer of Consolidated Graphics commented, "We are very pleased to have the seven Kelmscott operations join our organization. Their strong management teams, dedicated employees, wide-array of capabilities and impressive customer base will significantly enhance the breadth of our industry-leading national footprint and scope of technology and services. We welcome the Kelmscott employees to our team and look forward to working with them."