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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): JUNE 18, 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 June 18, 1998, Consolidated Graphics, Inc. (the "Company") announced the
completion of the acquisition of Wetzel Brothers, Inc. of Milwaukee, Wisconsin.
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 June 18, 1998,
related to the announcement of the acquisition of
Wetzel Brothers, Inc. of Milwaukee, Wisconsin.
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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
Executive Vice President,
Chief Financial and Accounting Officer
Date: June 19, 1998
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EXHIBIT 99
FOR: Consolidated Graphics, Inc.
APPROVED BY: Ronald E. Hale, Jr.
Vice President & Treasurer
(713) 787-0977
CONTACT: Betsy Brod/Jonathan Schaffer
Media: Stan Froelich/Eileen King
Morgen-Walke Associates, Inc.
(212) 850-5600
FOR IMMEDIATE RELEASE
CONSOLIDATED GRAPHICS ACQUIRES WETZEL BROTHERS, INC.
OF MILWAUKEE, WISCONSIN
HOUSTON, TEXAS - June 18, 1998 -- Consolidated Graphics, Inc. (NYSE:CGX)
today announced it has completed the acquisition of Wetzel Brothers, Inc. of
Milwaukee, Wisconsin. Wetzel Brothers was founded in 1885 and provides large
format, high-quality color printing services to customers throughout the area.
Terms of the transaction were not disclosed.
Joe R. Davis, Chairman and Chief Executive Officer of Consolidated
Graphics, commented, "With the purchase of Wetzel Brothers, we not only expand
our presence in the Milwaukee market, we add one of the oldest and most
respected commercial printing companies in the area. And with the additional
resources available to our printing companies, we can expect even better results
in the future."
"Wetzel Brothers has been in my family for over 110 years," Arthur Wetzel
commented. "Having run this company for 72 years, the last eight with my wife
Heide Wetzel, I am very pleased to be able to put it in the hands of the quality
people at Consolidated Graphics," he added.
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 40 companies nationwide with
annualized revenues in excess of $400 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, general economic conditions, continued demand for its product, the
availability of raw materials, 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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