Consolidated Graphics Comments further on Lithographix Buy
Press release from the issuing company
HOUSTON--Sept. 17, 2003-- Consolidated Graphics, Inc. announced today that it has acquired the San Francisco commercial sheet-fed operations of Lithographix, Inc.
"This is an exciting opportunity for us to expand our capacity and services to new and existing customers in the Northern California market," commented Joe R. Davis, Chairman and Chief Executive Officer. "The Lithographix operations will be merged into our existing operations in Hayward, creating one of the largest, state-of-the-art, full-service printing companies in the area. When further combined with the additional solutions offered through our CGXmedia group, the expanded operation will be extremely well positioned for market leadership and growth."
"The completion of this acquisition, together with our recently completed acquisition of Custom Graphics, Inc. in Cleveland, Ohio, demonstrates our unique ability in the commercial printing industry to expand market share through the execution of a disciplined acquisition strategy," continued Mr. Davis. "We continue to see opportunities in the marketplace to acquire companies with great reputations for quality and customer service."
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