CGX Swings Deal for PBM Graphics
HOUSTON—Consolidated Graphics (CGX) continued a recent rash of big acquisitions in the industry and enhanced its East Coast presence by obtaining Durham, NC-based PBM Graphics. Ranked 51st on the Printing Impressions 400 for 2007 with sales of $121.7 million, PBM specializes in producing collectible trading cards and trading card games and is the largest producer of Pokémon cards in the world.
The acquisition is expected to be accretive to fiscal year 2009 earnings per share. Terms of the deal were not disclosed. PBM was founded in 1983 by Terry Pegram, who along with his management team will continue to direct the facility.
In addition to card products, PBM manufactures educational, pharmaceutical and marketing materials, along with other general commercial goods. The printer also provides packaging and fulfillment services.