Consolidated Graphics to Acquire Hopkins Printing in Columbus, Ohio
Press release from the issuing company
April 20 -- Consolidated Graphics, Inc. announced today that it has signed a letter of intent to acquire Hopkins Printing, Inc., located in Columbus, Ohio. The transaction is expected to be completed within 90 days and the present management team led by Jim Hopkins, President, will remain with the company following its completion. Other terms were not disclosed. GBQ Consulting is representing Hopkins Printing as its exclusive financial advisor on the transaction.
Hopkins Printing was founded by Jim and Arnie Hopkins in 1976 and is today one of the leading sheetfed and digital commercial printers serving the central Ohio market. Operating from a 75,000 square foot facility minutes from Columbus International Airport, the company offers high quality commercial and digital printing services together with ancillary services such as mailing and fulfillment. Hopkins Printing has won numerous prestigious awards, including Best Workplace in the Americas and the Better Business Bureau Integrity Award. Jim Hopkins was also a 2006 inductee into the Printing Impressions/RIT Printing Industry Hall of Fame.
"Over the last 30 years the Hopkins family has built a first class business with an excellent reputation," commented Joe R. Davis, Chairman and Chief Executive Officer of Consolidated Graphics. "Hopkins Printing represents an ideal opportunity for Consolidated Graphics to significantly expand its leading national footprint while also giving Jim and his management team the opportunity to continue growing their company by leveraging Consolidated Graphics' considerable strategic and technological advantages."
WhatTheyThink is the global printing industry's leading independent media organization with both print and digital offerings, including WhatTheyThink.com, PrintingNews.com and WhatTheyThink magazine versioned with a Printing News and Wide-Format & Signage edition. Our mission is to provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today’s printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow.