Consolidated Graphics Completes Acquisition of Nies/Artcraft Companies in St. Louis
Press release from the issuing company
HOUSTON, Feb. 10 -- Consolidated Graphics, Inc. announced today that it has completed the previously announced acquisition of the Nies/Artcraft Companies in St. Louis, Missouri, consisting of Nies/Artcraft Printing, Valcour Printing and Impression Label. Terms of the transaction were not disclosed.
Commenting on the announcement, Joe R. Davis, Chairman and Chief Executive Officer of Consolidated Graphics, stated, "We are extremely pleased that the transaction has been completed and that the Nies/Artcraft Companies are now a part of Consolidated Graphics. Beyond giving us our first presence in a very important market, the Nies/Artcraft Companies offer an extensive breadth of capabilities that will significantly enhance our ability to service customers throughout our organization. We look forward to working with Jim Finger and his outstanding team to continue their long history of growth and success."
Also commenting on the announcement, Jim Finger, President of the Nies/Artcraft Companies, stated, "We are excited about the opportunities to better serve our customers through the benefits that Consolidated Graphics has to offer. The CGXSolutions' technology is a particularly compelling value proposition that we intend to embrace. We are proud to join the industry leader and will strive to provide an exceptional return on the investment they have made."
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