CGX Signs Letter of Intent to Acquire Universal Printing
ST. LOUIS—June 19, 2013—Consolidated Graphics announced today that it has entered into a letter of intent to acquire Universal Printing located in St. Louis. Terms of the transaction were not disclosed.
Founded in 1939, Universal Printing is one of the country's leading web and sheetfed commercial printing companies, serving customers nationwide from a state of the art facility in St. Louis. Universal's 150 employees provide first-class service to a blue chip customer base.
"Universal Printing is an extremely well run company which will further expand our capabilities and footprint in the Midwest as we continue to build on our industry leading position," commented Joe R. Davis, chairman and CEO of Consolidated Graphics. "We believe Universal is an attractive company that fits our proven acquisition strategy."
Jim Cohen, executive vice president, mergers and acquisitions, of Consolidated Graphics added, "Bob Ebel's expertise in guiding Universal's growth over the years is impressive, and he will be an excellent addition to what we like to refer to as the best peer group in our industry—our 70 operating company presidents."
Bob Ebel, CEO of Universal Printing stated, "I am excited about joining Consolidated Graphics because their operating model is unique. Preserving the legacy that we have created is important to me, and I look forward to continuing to lead this company with all of the resources of Consolidated Graphics behind us, including their worldwide digital network and industry leading technology solutions."
About Consolidated Graphics
Consolidated Graphics (CGX), headquartered in Houston, is one of North America's leading general commercial printing companies. With 70 printing businesses strategically located across 26 states, Toronto, and Prague, Consolidated Graphics offers an unmatched geographic footprint, unsurpassed capabilities, and unparalleled levels of convenience, efficiency and service. With locations in or near virtually every major U.S. market, CGX provides the service and responsiveness of a local printer enhanced by the economic, geographic and technological advantages of a large national organization.
Consolidated Graphics' vast and technologically advanced sheetfed and web printing capabilities are complemented by the world's largest integrated digital footprint. By coupling North America's most comprehensive printing capabilities with strategically located fulfillment centers and industry-leading technology, CGX delivers end-to-end print production and management solutions that are based on the needs of our customers to improve their results.
Source: Consolidated Graphics.