CONSOLIDATED GRAPHICS INC /TX/
8-K, 1999-03-17
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): MARCH 15, 1999

                           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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<PAGE>
ITEM 5.  OTHER EVENTS     

     On March 15, 1999, Consolidated Graphics, Inc. (the "Company") announced
the completion of the acquisition of Mercury Printing of Memphis, Tennessee. 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)  EXHIBIT

     The following exhibit is filed herewith:

     99     Press release of Consolidated Graphics, Inc. dated
            March 15, 1999, related to the completion of the
            acquisition of Mercury Printing of Memphis, Tennessee.
<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
                                                  Executive Vice President-
                                                   Mergers & Acquisitions,
                                          Chief Financial and Accounting Officer

Date:  March 17, 1999

                                       2

                                                                      EXHIBIT 99

                                       FOR:   Consolidated Graphics, Inc.

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

                                   CONTACT:   Betsy Brod/Jonathan Schaffer
                                              Media:Merridith Ingram/Eileen King
                                              Morgen-Walke Associates, Inc.
                                              (212) 850-5600

FOR IMMEDIATE RELEASE

                 CONSOLIDATED GRAPHICS COMPLETES ACQUISITION OF
                     MERCURY PRINTING OF MEMPHIS, TENNESSEE

     HOUSTON, TEXAS - March 15, 1999 - Consolidated Graphics, Inc. (NYSE: CGX)
announced today that it has completed its acquisition of Mercury Printing, a
full service commercial printing company located in Memphis, Tennessee. Bill
Hyatt will continue to lead the company as president. Other terms of the
transaction were not disclosed.

     Joe R. Davis, Chairman and Chief Executive Officer of Consolidated
Graphics, commented, "Over the past 37 years Mercury Printing has become a
leading commercial printing company in the Mid-South region by providing its
clients superior service and the highest quality products. We look forward to
providing Bill Hyatt and his team the resources necessary to continue this
success in the future."

     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 53 companies with annualized
revenues in excess of $590 million. For more information, visit the Company's
website at www.consolidatedgraphics.com.

     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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