P. Young Co.

HOUSTON—In an attempt to reduce costs and improve operating efficiencies, Consolidated Graphics announced that it has combined the sales and printing operations in three under-performing locations into larger nearby facilities. A new strategic alliance has been negotiated for a fourth location, and the company expects to incur a special fourth quarter charge as a result, in the $4 million to $5 million range, after taxes. "Combining sales and printing operations in three of our markets enables us to serve customers much more efficiently," states Charles F. White, president and COO. "As the combined businesses were in close proximity, we now can provide the local service and

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