Again, many apologies for the delay in posting, but we have been extremely busy evaluating acquisition opportunities and completing a few more transactions. Most recently completed acquisition is EGT Printing Solutions of Detroit, MI. See press release below.
Consolidated Graphics Acquires Certain Assets of The EGT Group, Inc.
DETROIT, May 11, 2011 /PRNewswire via COMTEX/ --
Consolidated Graphics, Inc. (NYSE: CGX) announced today that EGT Printing Solutions, a Consolidated Graphics company, has acquired certain assets of The EGT Group, headquartered in Detroit, Michigan. The EGT Group was founded in 1970 and grew to become one of the largest commercial printers in Michigan. Terms of the transaction were not disclosed. EGT Printing Solutions offers commercial and digital printing, data management, mailing and fulfillment.
Commenting on the acquisition, Joe R. Davis, Chairman and Chief Executive Officer of Consolidated Graphics, Inc., stated, "EGT Printing Solutions is going to continue to serve EGT's customers with best in class service and state of the art solutions. With the additional resources of Consolidated Graphics, including the world's largest and most sophisticated digital printing network and leading edge technology, EGT Printing Solutions and its employees will continue to exceed every customer expectation."
Jon Strager and Michael Gonte, owners of The EGT Group, commented, "We have long admired the Consolidated Graphics business model and are excited to offer our customers all of the capabilities and solutions that Consolidated Graphics has to offer. We are looking forward to being a part of the future with EGT Printing Solutions and having the financial strength and resources of Consolidated Graphics behind us."
Jim Cohen, Executive Vice President of Mergers & Acquisitions at Consolidated Graphics, added, "The recession has made it very difficult for independent printing companies to grow on their own. Even larger companies like The EGT Group that have established reputations have faced challenges. Our strong balance sheet, 650 salespeople and cutting edge technology solutions will enable EGT Printing Solutions to be a real juggernaut in the Detroit metropolitan area."
Consolidated Graphics, Inc. (CGX), headquartered in Houston, Texas, is one of North America's leading general commercial printing companies. With 70 printing businesses strategically located across 27 states, Toronto, and Prague, Consolidated Graphics offers an unmatched geographic footprint, unsurpassed capabilities, and unparalleled levels of convenience, efficiency and service. With locations in or near virtually every major U.S. market, CGX provides the service and responsiveness of a local printer enhanced by the economic, geographic and technological advantages of a large national organization.
Consolidated Graphics' vast and technologically advanced sheetfed and web printing capabilities are complemented by the world's largest integrated digital footprint. By coupling North America's most comprehensive printing capabilities with strategically located fulfillment centers and industry-leading technology, CGX delivers end-to-end print production and management solutions that are based on the needs of our customers to improve their results. For more information, visit www.cgx.com.
Consolidated Graphics Acquires Certain Assets of The EGT Group, Inc.
DETROIT, May 11, 2011 /PRNewswire via COMTEX/ --
Consolidated Graphics, Inc. (NYSE: CGX) announced today that EGT Printing Solutions, a Consolidated Graphics company, has acquired certain assets of The EGT Group, headquartered in Detroit, Michigan. The EGT Group was founded in 1970 and grew to become one of the largest commercial printers in Michigan. Terms of the transaction were not disclosed. EGT Printing Solutions offers commercial and digital printing, data management, mailing and fulfillment.
Commenting on the acquisition, Joe R. Davis, Chairman and Chief Executive Officer of Consolidated Graphics, Inc., stated, "EGT Printing Solutions is going to continue to serve EGT's customers with best in class service and state of the art solutions. With the additional resources of Consolidated Graphics, including the world's largest and most sophisticated digital printing network and leading edge technology, EGT Printing Solutions and its employees will continue to exceed every customer expectation."
Jon Strager and Michael Gonte, owners of The EGT Group, commented, "We have long admired the Consolidated Graphics business model and are excited to offer our customers all of the capabilities and solutions that Consolidated Graphics has to offer. We are looking forward to being a part of the future with EGT Printing Solutions and having the financial strength and resources of Consolidated Graphics behind us."
Jim Cohen, Executive Vice President of Mergers & Acquisitions at Consolidated Graphics, added, "The recession has made it very difficult for independent printing companies to grow on their own. Even larger companies like The EGT Group that have established reputations have faced challenges. Our strong balance sheet, 650 salespeople and cutting edge technology solutions will enable EGT Printing Solutions to be a real juggernaut in the Detroit metropolitan area."
Consolidated Graphics, Inc. (CGX), headquartered in Houston, Texas, is one of North America's leading general commercial printing companies. With 70 printing businesses strategically located across 27 states, Toronto, and Prague, Consolidated Graphics offers an unmatched geographic footprint, unsurpassed capabilities, and unparalleled levels of convenience, efficiency and service. With locations in or near virtually every major U.S. market, CGX provides the service and responsiveness of a local printer enhanced by the economic, geographic and technological advantages of a large national organization.
Consolidated Graphics' vast and technologically advanced sheetfed and web printing capabilities are complemented by the world's largest integrated digital footprint. By coupling North America's most comprehensive printing capabilities with strategically located fulfillment centers and industry-leading technology, CGX delivers end-to-end print production and management solutions that are based on the needs of our customers to improve their results. For more information, visit www.cgx.com.
