Chris Milliken

LISLE, IL—Looking to unload non-core businesses and raise some capital, Wallace Computer Services has announced the sale of two of its properties. Houston-based Consolidated Graphics has signed a letter of intent to acquire Mercury Printing, a Wallace-owned facility located in Memphis, TN. "Mercury Printing was acquired in December 1997 as part of the acquisition of Graphic Industries," explains Mike Halloran, Wallace's senior vice president of planning and acquisitions. "While Mercury is a solid performing operation, it was one of the lower-volume Graphic facilities, and its strategic focus and primary product line are not consistent with Wallace's target market: the Fortune 2000." Mercury Printing has served the