CGX Signs Pact to Acquire Hopkins Printing
HOUSTON—Hopkins Printing, a 30-year-old, family owned sheetfed and digital printer based in Columbus, OH, will soon be joining the ranks of Consolidated Graphics (CGX). A letter of intent has been signed by CGX to acquire Hopkins Printing, and the deal is expected to close within 90 days.
The current management team of Hopkins Printing, led by President Jim Hopkins, will remain with the company after the deal closes. Financial terms of the transaction were not disclosed.
“Over the last 30 years, the Hopkins family has built a first-class business with an excellent reputation,” noted Joe Davis, chairman and CEO of CGX. “Hopkins Printing represents an ideal opportunity for Consolidated Graphics to significantly expand its leading national footprint, while also giving Jim and his management team the opportunity to continue growing their company by leveraging Consolidated Graphics’ considerable strategic and technological advantages.”
GBQ Consulting represented Hopkins Printing as its exclusive financial advisor on the transaction.
Jim Hopkins was inducted into the PRINTING IMPRESSIONS/RIT Printing Industry Hall of Fame in 2006.