Consolidated Graphics Subsidiary Nies/Artcraft Acquires Certain Assets of Kohler Print Group
October 12 2009 - 7:30AM
PR Newswire (US)
- Nies/Artcraft To Do Business As Nies/Kohler - ST. LOUIS, Oct. 12
/PRNewswire-FirstCall/ -- Consolidated Graphics, Inc. (NYSE:CGX)
announced today that a subsidiary of Nies/Artcraft, Inc. has
acquired certain assets of The Kohler Print Group and Pinnacle
Press headquartered in St. Louis, Missouri. Following the
completion of the transaction Nies/Artcraft, Inc. will do business
as Nies/Kohler. Terms of the transaction were not disclosed. The
Kohler Print Group was founded in 1923 and is one of the leading
commercial printing companies in Missouri. Owners Kevin Kohler,
Kent Kohler and Keith Kohler and certain other employees of the
Kohler Print Group have joined Nies/Kohler. Nies/Kohler will
continue servicing the Kohler Print Group's customers. Commenting
on the acquisition, Joe R. Davis, Chairman and Chief Executive
Officer of Consolidated Graphics, Inc., stated, "The Kohlers have a
great reputation for providing first class service to their
customers. With the additional resources of Consolidated Graphics
behind them and their salespeople, I am confident that they will be
able to continue to grow their business by offering the very best
printing solutions available in the marketplace." Consolidated
Graphics, Inc. (CGX), headquartered in Houston, Texas, is one of
North America's leading general commercial printing companies. With
70 printing businesses strategically located across 27 states,
Canada, and in Prague, we offer 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 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 largest
integrated digital footprint of any commercial printer in the U.S.
By coupling North America's most comprehensive printing
capabilities with strategically located fulfillment centers and
industry-leading technology, CGX delivers solutions that create a
spectrum of value for customers. CGX offers the unique ability to
respond to all printing-related needs no matter how large, small,
specialized or complex. For more information, visit
http://www.cgx.com/. Forward-Looking Statements This press release
contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, in which the
Company discusses factors it believes may affect its performance or
results in the future. Forward-looking statements are all
statements other than historical facts, such as statements
regarding assumptions, expectations, beliefs and projections about
future events or conditions. You can generally identify
forward-looking statements by the appearance in such a statement of
words like "anticipate," "believe," "continue," "could,"
"estimate," "expect," "intend," "may," "might," "plan,"
"potential," "predict," "forecast," "project," "should" or "will"
or other comparable words or the negative of such words. The
accuracy of the Company's assumptions, expectations, beliefs and
projections depend on events or conditions that change over time
and are thus susceptible to change based on actual experience, new
developments and known and unknown risks, including those created
by general market conditions, competition and the possibility that
events may occur beyond the Company's control, which may limit its
ability to maintain or improve its operating results or financial
condition or acquire additional printing businesses. The Company
gives no assurance that the forward-looking statements will prove
to be correct and does not undertake any duty to update them. The
Company's actual future results might differ from the
forward-looking statements made in this press release for a variety
of reasons, which include, continuing weakness in the economy,
financial stability of its customers, the sustained growth of its
digital printing business, the seasonality of election-related
business, its ability to adequately manage expenses, including
labor costs, the unfavorable outcome of legal proceedings, the lack
of or adequacy of insurance coverage for its business operations,
the continued availability of raw materials at affordable prices
and retention of its key management and operating personnel,
satisfactory labor relations, the potential for additional goodwill
impairment charges, its ability to identify new acquisition
opportunities, negotiate and finance such acquisitions on
acceptable terms and successfully absorb and manage such
acquisitions in a timely and efficient manner, as well as other
risks described in the "Risk Factors" section of our Annual Report
on Form 10-K/A for the fiscal year ended March 31, 2009, as filed
with the Securities and Exchange Commission. You should pay
particular attention to and review the important risk factors and
cautionary statements described in the "Risk Factors" section, as
well as the risk factors and cautionary statements described in the
other documents the Company files or furnishes from time to time
with the Securities and Exchange Commission, including its
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Should one or more of the foregoing risks or uncertainties
materialize, or should the Company's underlying assumptions prove
incorrect, the Company's actual results may vary materially from
those anticipated in its forward-looking statements, and its
business, financial condition and results of operations could be
materially and adversely affected. DATASOURCE: Consolidated
Graphics, Inc. CONTACT: Jon C. Biro, Executive Vice President/Chief
Financial Officer of Consolidated Graphics, Inc., +1-713-787-0977;
or Eric Boyriven or Alexandra Tramont, both of FD, +1-212-850-5600
Web Site: http://www.cgx.com/
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