CONSOLIDATED GRAPHICS INC /TX/
8-K, 1997-01-16
COMMERCIAL PRINTING
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                            ------------------------

                                    FORM 8-K
                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
       DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): JANUARY 14, 1997
                          CONSOLIDATED GRAPHICS, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

                                     0-24068
                            (COMMISSION FILE NUMBER)
                                        
            TEXAS                                          76-0190827
(STATE OR OTHER JURISDICTION                            (I.R.S. EMPLOYER
      OF INCORPORATION)                                IDENTIFICATION NO.)

                            2210 WEST DALLAS STREET
                              HOUSTON, TEXAS 77019
             (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES AND ZIP CODE)

       REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (713) 529-4200

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<PAGE>
ITEM 5.  OTHER EVENTS

     On January 14, 1997, Consolidated Graphics, Inc. (the "Company") announced
that it had completed the acquisitions of two printing companies, Direct Color
of Long Beach, California and Theo Davis Sons, serving the Raleigh-Durham, North
Carolina area, for undisclosed amounts. A copy of the press release is attached
hereto as Exhibit 99.

     The attached press release may contain forward looking information. Readers
are cautioned that such information involves risks and uncertainties, including
the possibility that events may occur which preclude completion of the Company's
future acquisitions.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

     (A)  EXHIBITS

     The following exhibit is filed herewith:

          99  Press release of Consolidated Graphics, Inc. dated January 14,
              1997 with respect to the completion of the acquisitions of Direct
              Color of Long Beach, California and Theo Davis Sons of
              Raleigh-Durham, North Carolina.

                                       1
<PAGE>
                                   SIGNATURE

     PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934, THE
REGISTRANT HAS DULY CAUSED THIS REPORT TO BE SIGNED ON ITS BEHALF BY THE
UNDERSIGNED HEREUNTO DULY AUTHORIZED.

                                               CONSOLIDATED GRAPHICS, INC.
                                                      (Registrant)
                                          By:  /s/ G. CHRISTOPHER COLVILLE
                                                   G. CHRISTOPHER COLVILLE
                                                VICE PRESIDENT -- MERGERS AND
                                                       ACQUISITIONS
                                               CHIEF FINANCIAL AND ACCOUNTING
                                                         OFFICER

Date:  January 16, 1997

                                       2


                                                                      EXHIBIT 99

                         FOR:                      Consolidated Graphics, Inc.
                         APPROVED BY:              Ronald E. Hale, Jr.
                         CONTACT:                  Betsy Brod/Jeff Majtyka
                                                   Media: Stan Froelich
                                                   Morgen-Walke Associates, Inc.
                                                   (212) 850-5600

FOR IMMEDIATE RELEASE

                CONSOLIDATED GRAPHICS COMPLETES ACQUISITIONS OF
                        DIRECT COLOR AND THEO DAVIS SONS

HOUSTON, TEXAS -- JANUARY 14, 1997 -- Consolidated Graphics, Inc.
(Nasdaq/NM:COGI) today announced it has completed its previously announced
acquisitions of Direct Color of Long Beach, California and Theo Davis Sons,
serving the Raleigh-Durham, North Carolina area. Terms of the transactions were
not disclosed.

     The completion of the Direct Color and Theo Davis Sons transactions gives
Consolidated Graphics 18 printing companies in 14 markets and brings the
Company's annualized run-rate revenues to $155 million.

     The transactions bolster Consolidated Graphics' market presence in both the
West Coast and Mid-Atlantic regions. As with all of Consolidated Graphics'
acquisitions, Direct Color and Theo Davis Sons will continue to be locally
operated under their existing management teams, led by David Melin, president of
Direct Color and Mike Davis, president of Theo Davis Sons.

     Consolidated Graphics, Inc. is one of the fastest growing printing
companies in the United States. It is a consolidator in a fragmented industry
that adds value to its acquisitions by providing the financial and operational
strengths, management support and technological advantages associated with a
larger organization.



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