CONSOLIDATED GRAPHICS INC /TX/
8-K, 1998-02-04
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): February 3, 1998

                           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.)

                           5858 Westheimer, Suite 200
                              HOUSTON, TEXAS 77057
              (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES AND ZIP CODE)

       REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (713) 787-0977
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ITEM 5.  OTHER EVENTS  

     On February 3, 1998, Consolidated Graphics, Inc. (the "Company") announced
the completion of the acquisition of Fittje Bros. Printing Company of Colorado
Springs, Colorado. 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 pending or
future acquisitions by the Company.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

     (A)  EXHIBITS

     The following exhibit is filed herewith:


      99  Press release of Consolidated Graphics, Inc. dated February 3, 1998,
          related to the announcement of the completion of the acquisition of
          Fittje Bros. Printing Company of Colorado Springs, Colorado.

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<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/ Harold E. Gaubert, Jr.
                                              Harold E. Gaubert, Jr.
                                            Executive Vice President -
                                           Finance and Administration


Date:  February 4, 1998

                                       2


                                                                      EXHIBIT 99

                                            FOR:   Consolidated Graphics, Inc.

                                    APPROVED BY:   Ronald E. Hale, Jr.
                                                   Vice President & Treasurer
                                                   (713) 787-0977

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

FOR IMMEDIATE RELEASE

           CONSOLIDATED GRAPHICS ANNOUNCES COMPLETION OF FITTJE BROS.
                          PRINTING COMPANY ACQUISITION


HOUSTON, TEXAS - February 3, 1998 -- Consolidated Graphics, Inc. (NYSE:CGX)
today announced that it has completed the previously announced acquisition of
Fittje Bros. Printing Company, Colorado Springs, Colorado. Fittje Bros., a high
quality color printer serving Colorado Springs and southern Colorado will
continue to be led by Peter Kugler, President.

     Commenting on the announcement, Joe R. Davis, Chairman and Chief Executive
Officer of Consolidated Graphics said, "With the acquisition of Fittje Bros., we
add another outstanding company and expand our presence in Colorado. Fittje
Bros. is the twelfth acquisition we have completed this year and we expect our
acquisition program to accelerate." Including two recently announced
acquisitions, the fourteen Consolidated Graphics' acquisitions during fiscal
1998 represent over $130 million in annualized revenues.

     Consolidated Graphics, Inc. is 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
acquisitions, Consolidated Graphics will have 32 companies with annualized
revenues in excess of $315 million.

     This press release contains forward-looking statements which involve known
and unknown risks, uncertainties or other factors that could cause actual
results to materially differ from the results, performance or other expectations
implied by these forward-looking statements. Consolidated Graphics' expectations
regarding run-rate revenues assume, among other things, completion of pending
acquisitions that are subject to the execution of definitive agreements, general
economic conditions, continued demand for its product, the availability of raw
materials at affordable prices, retention of its key management and operating
personnel, as well as other factors detailed in Consolidated Graphics' filings
with the Securities and Exchange Commission.



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