CGX to Acquire The Hennegan Co.

HOUSTON—Only months after mulling a possible sale of the company, Consolidated Graphics (CGX) made a statement Friday that it was completely back in the M&A game with the planned acquisition of The Hennegan Co., based in the Cincinnati suburb of Florence, KY.

CGX signed a letter of intent to acquire Hennegan, an $85 million web, sheetfed and digital printer that produces a wide array of high-end products, including marketing materials, annual reports, brochures and catalogs, among other things. The transaction is expected to be completed within the next 90 days.