Standard Register

HOUSTON—The heat of midsummer seemed to have slowed the ongoing acquisition fever in the graphic arts business, but as summer winds down and executives return from vacation, a new spate of acquisition announcements has arrived. Consolidated Graphics, based here, led the pack, signing letters of intent to acquire five new companies. Four of the new acquisitions—McKay Press in Midland, MI, Royle Communications in Sun Prairie, WI, Graphtec in Annapolis Junction, MD, and Printing Corp. of America in Baltimore— were acquired in one transaction led by Radnor, PA-based Compass Capital Partners. Only days later Consolidated signed another deal to acquire Bloomington, IL-based Metropolitan Printing Service. Upon

Barrington, Il—Dayton, OH-based Standard Register has agreed to purchase Uarco, a subsidiary of the Settsu Corporation of Japan based here, for $245 million. The acquisition will create one of the nation's largest document management and production companies. The combined annualized sales have been projected to hit nearly $1.4 billion. "The acquisition of Uarco is an integral part of our plan to become the recognized leader in the document management industry," reveals Standard Register President and CEO Peter Redding. The acquisition will be financed through cash and bank financing, says Redding. He adds that Standard Register has debt to total capitalization of about 35