And There Is Still More ConsolidationAugust 1999
Houston-based Nationwide Graphics has acquired Copyright Printing of Austin, TX.
Carl Norton, Nationwide chairman and CEO, notes that Copyright uses extremely complex bi-directional systems to provide just-in-time printed products for its clients, and that this new capability will bring Nationwide Graphics "to the cutting edge of today's modern manufacturing and marketing management techniques."
Memphis, TN-based Master Graphics has acquired Thomasson Printing of Carollton, GA. The company was founded in 1897 by J.J. Thomasson, the great-grandfather of Tommy Thomasson, who has served as president since 1991. As a Master Graphics division, Thomasson Printing will retain all current management.
Master Graphics CEO John P. Miller says that with this acquisition, "we will further establish ourselves in the Atlanta printing market, one of the top 10 largest in the United States."
With this purchase, Master Graphics grows to 20 divisions in 14 states with annual revenues of approximately $300 million.
Cunningham Graphics has also completed two acquisitions recently. One is Apollo (UK) Ltd., which operates a state-of-the-art facility in the Canary Wharf section of London. Brian Coles, president of Apollo, will join Peter Furlonge as co-managing director of Cunningham's European operations.
The move complements Cunningham's existing London-based divisions, Roda Print and Goldhawk Reprographics, officials say.
Back in the States, Cunningham Graphics completed another acquisition: MVP Graphics, a commercial sheetfed printer located in Santa Fe Springs, CA, which serves the Los Angeles and Orange County markets. This marks Cunningham's seventh acquisition completed this year.
Meanwhile, New York City-based Integrated Graphics (IGI) acquired Ronkonkoma, NY-based Lithographic Communications (LCI), whose clients include American Express, AT&T, Canon USA, IBM, McGraw-Hill and Newsweek. IGI now operates six commercial printing divisions within the New York metropolitan region, fortifying its stronghold in this area.