HOUSTON, Oct. 3 -- Consolidated Graphics, Inc. announced today that it has signed a letter of intent to acquire Graphcom, Inc., located in Atlanta, Georgia. The transaction is expected to be completed within 60 days.
"Graphcom has distinguished itself with a tradition of quality craftsmanship and outstanding service to its customers," commented Joe R. Davis, Chairman and Chief Executive Officer. "We look forward to the opportunity to expand our capabilities and grow our share in the Atlanta market by acquiring a company with a great reputation and a dedicated team of talented employees."
"This acquisition is an excellent example of a key element of our growth strategy -- to expand our geographic footprint and market leadership position through strategic acquisitions of high-quality, well-managed companies," continued Mr. Davis. "We have created a very powerful model for long-term growth in sales and profits by combining the operating strengths of the companies we acquire with Consolidated Graphics' considerable strategic and economic advantages."
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