CONSOLIDATED GRAPHICS INC /TX/
8-K, 1997-07-23
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): JULY 21, 1997

                           CONSOLIDATED GRAPHICS, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

            TEXAS                      0-24068               76-0190827
(STATE OR OTHER JURISDICTION   (COMMISSION FILE NUMBER)   (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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ITEM 5.  OTHER EVENTS

     On July 21, 1997, Consolidated Graphics, Inc. (the "Company") announced
that it has signed a nonbinding letter of intent to acquire Geyer Printing
Company in Pittsburgh, Pennsylvania. A copy of the press release is attached
hereto as Exhibit 99.1.

     On July 23, 1997, the Company announced that it has completed its
previously announced acquisition of The Etheridge Company in Grand Rapids,
Michigan. A copy of the press release is attached hereto as Exhibit 99.2.

     The attached press releases 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
pending or future acquisitions by the Company.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

     (A)  EXHIBITS

     The following exhibits are filed herewith:

         99.1  Press release of Consolidated Graphics, Inc. dated July 21, 1997,
               with respect to the Company's announcement that it has executed a
               nonbinding letter of intent to acquire Geyer Printing Company
               in Pittsburgh, Pennsylvania.

         99.2  Press release of Consolidated Graphics, Inc. dated July 23, 1997,
               with respect to the Company's announcement that it has completed
               the previously announced acquisition of The Etheridge Company in 
               Grand Rapids, Michigan.

                                        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:  July 23, 1997

                                       2

                                                                    EXHIBIT 99.1

                                 FOR:   Consolidated Graphics, Inc.

                         APPROVED BY:   Ronald E. Hale, Jr.
                                        Vice President & Treasurer
                                        (713) 529-4200

                             CONTACT:   Betsy Brod/Nancy Healy
                                        Media: Stan Froelich
                                        Morgen-Walke Associates, Inc.
                                        (212) 850-5600

FOR IMMEDIATE RELEASE

             CONSOLIDATED GRAPHICS TO ACQUIRE GEYER PRINTING COMPANY
                           IN PITTSBURGH, PENNSYLVANIA

     HOUSTON, TEXAS -- JULY 21, 1997 -- CONSOLIDATED GRAPHICS, INC. (NYSE/CGX)
today announced the signing of a letter of intent in which Geyer Printing
Company in Pittsburgh, Pennsylvania will become part of its growing group of
commercial printing companies. Consolidated Graphics will acquire Geyer in a
stock-for-stock transaction; other terms of the transaction were not disclosed.
Geyer, founded in 1909, is one of the leading commercial printing companies in
Pittsburgh.

     Geyer Printing Company's President, Bruce McGough, and Vice President,
Tom Samuels, will continue to lead the company after the transaction is
completed.  Commenting on the announcement, McGough said, "This is a great day
for Geyer and our employees because we're joining an industry leader that has
the financial resources, marketing expertise and vision to help us prosper and
grow.  Consolidated Graphics and Geyer are committed to growing together and
offering the highest-quality products and services to our customers."

     Joe R. Davis, Chairman and Chief Executive Officer of Consolidated
Graphics, stated, "With the recent addition of two new printing presses, a long-
standing reputation for superior quality, and a pre-eminent position within
their market, Geyer Printing Company will give us a strong foothold in
Pittsburgh and Western Pennsylvania.  This transaction continues our strategy of
acquiring successful companies with strong managements."

     Consolidated Graphics, Inc. is recognized as the fastest growing printing
company in the United States. A consolidator in a highly fragmented industry,
the Company adds value to its acquisitions through managerial and operational
expertise, financial strength and economies of scale.  Upon completion of
pending announced acquisitions, Consolidated Graphics will have 24 companies in
19 markets with annualized revenues in excess of $225 million.



                                                                    EXHIBIT 99.2

                                 FOR:   Consolidated Graphics, Inc.

                         APPROVED BY:   Ronald E. Hale, Jr.
                                        Vice President & Treasurer
                                        (713) 529-4200

                             CONTACT:   Betsy Brod/Nancy Healy
                                        Media: Stan Froelich
                                        Morgen-Walke Associates, Inc.
                                        (212) 850-5600

FOR IMMEDIATE RELEASE

          CONSOLIDATED GRAPHICS ANNOUNCES COMPLETION OF
                 THE ETHERIDGE COMPANY ACQUISITION

     HOUSTON, TEXAS -- JULY 23, 1997 -- CONSOLIDATED GRAPHICS, INC. (NYSE/CGX)
today announced that it has completed its previously announced acquisition of
the WACE USA Print facility (formerly The Etheridge Company) of Grand Rapids,
Michigan. The terms of the transaction were not disclosed. The company will
resume the use of the name "The Etheridge Company" effective today.

     This transaction represents Consolidated Graphics' first entry into the
upper Midwest region, one of the largest printing markets in the United States.
The company, founded in 1904, is a high-quality, full service printer which
serves many high-profile customers throughout the region. Commenting on the
announcement, Joe R. Davis, Chairman and Chief Executive Officer of Consolidated
Graphics said, "We are pleased to join forces with The Etheridge Company, an
organization with a solid reputation for c ustomer service, a strong management
team and a dedicated group of employees."

     The completion of the Etheridge transaction, together with the Company's
other pending announced acquisitions, will give Consolidated Graphics 24
companies in 19 markets with annualized revenues in excess of $225 million.

     Consolidated Graphics, Inc. is recognized as the fastest growing printing
company in the United States. A consolidator in a highly fragmented industry,
the Company adds value to its acquisitions through managerial and operational
expertise, financial strength and economies of scale.



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