CGX Signs New Deal With Komori
Davis notes that future acquisitions by his company will help guide subsequent press purchases. Under the status quo, he envisions buying five 40˝ sheetfed and one half-web press in the coming year.
The company recently closed on a deal that saw it acquire Ohio-based Custom Graphics, which will be merged into another CGX company, AGS, to form AGS Custom Graphics.
"In this economy, we're seeing a lot of opportunities to acquire companies and combine them with our existing operations," Davis says. "The result is a stronger list of customers."
A strong balance sheet, arguably the strongest of any industry consolidator, has enabled CGX to remain active in both the printer and machine acquisition theaters in a sour economy. Despite the economy, Davis reports that most individual facilities under the CGX umbrella have increased their year-to-year revenues.
"We look for companies that we can grow and improve," Davis remarks. "We especially look for firms that have a good reputation for customer service—something we can help build upon even further."