Consolidated Graphics Signs Letter of Intent to Acquire Universal Printing Company
Houston-based Consolidated Graphics Inc. has entered into a letter of intent to acquire Universal Printing Company. Terms of the transaction were not disclosed.
Founded in 1939, Universal Printing Company 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 Company 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 chief executive officer 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, chief executive officer of Universal Printing Company, 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."
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