CGX Acquires Trio of Companies
HOUSTON—Printing industry M&A heavyweight Consolidated Graphics (CGX) has signed a letter of intent to acquire an affiliated group of commercial printers, including Nies/Artcraft, operating in St. Louis.
Also acquired in the deal were Valcour Printing and Impression Label. The transaction was expected to be completed this month.
Nies/Artcraft ranked 225th on the 2004 Printing Impressions 400 ranking of top printers with sales of $23 million. It specializes in medium- to long-run sheetfed and web printing.
Valcour Printing performs short-run, small-format sheetfed and digital printing while Impression Label handles flexographic label printing.
"Nies/Artcraft, together with Valcour and Impression Label, are the premier general commercial printing companies in an important market that Consolidated Graphics has long desired to be in," stated Joe Davis, chairman and CEO of CGX.
The affiliated group's management team, led by president Jim Finger, will remain at the helm.