Consolidated Graphics to Acquire Leading Commercial Printing Companies in St. Louis
Press release from the issuing company
HOUSTON, Nov. 3 -- Consolidated Graphics, Inc. announced today that it has signed a letter of intent to acquire an affiliated group of commercial printing companies operating as Nies/Artcraft Printing, Valcour Printing and Impression Label in St. Louis, Missouri. The transaction is expected to be completed by December 15, 2005.
The three companies serve the metropolitan St. Louis area and surrounding regions. Nies/Artcraft specializes in high quality medium- to long-run sheetfed and web printing. Valcour specializes in high quality, short-run small format sheetfed and digital printing. Impression Label specializes in high quality flexographic label printing. In addition, the companies offer a variety of value-added print-related services including fulfillment. Together the companies serve an impressive and diverse customer base which includes many of the regions' leading companies.
The present management team of Jim Finger, President, Phil Brown, Vice President of Sales, Tom Hedrick, Vice President of Finance, and Gary Wooldridge, Vice President of Manufacturing will remain with the companies following the completion of the transaction.
"Nies/Artcraft, together with Valcour and Impression Label, are the premier general commercial printing companies in an important market that Consolidated Graphics has long desired to be in," commented Joe R. Davis, Chairman and Chief Executive Officer of Consolidated Graphics. "We are especially pleased that these companies will be joining us and that Jim Finger and his management team will continue in their leadership roles. We look forward to working with them to help continue the long history of growth and success these companies have achieved."
Jim Finger also commented, "We view Consolidated Graphics as the nation's leading general commercial printing company and look forward to becoming a part of the organization. Especially attractive to us is their very successful business model, which is based on continuing a company's heritage in its marketplace, maintaining local leadership and providing access to economic, geographic and technological advantages in order to better serve our customers and grow our business. We could not be more pleased with this outcome or more excited about the future."
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