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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): SEPTEMBER 1, 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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ITEM 5. OTHER EVENTS
On September 1, 1999, Consolidated Graphics, Inc. (the "Company")
announced the signing of a letter of intent to acquire Piccari Press, Inc. of
Philadelphia, Pennsylvania. A copy of the press release is attached hereto as
Exhibit 99.1.
On September 2, 1999, the Company announced the completion of the
acquisition of Apple Graphics of Los Angeles, California. A copy of the press
release is attached hereto as Exhibit 99.2.
On September 2, 1999, the Company announced the completion of the
acquisition of Multiple Images Printing of Chicago, Illinois. A copy of the
press release is attached hereto as Exhibit 99.3.
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) EXHIBIT
The following exhibits are filed herewith:
99.1 Press release of the Company dated September 1, 1999,
related to the signing of a letter of intent to acquire
Piccari Press, Inc. of Philadelphia, Pennsylvania.
99.2 Press release of the Company dated September 2, 1999, related to
the completion of the acquisition of Apple Graphics of Los
Angeles, California.
99.3 Press release of the Company dated September 2, 1999, related to
the completion of the acquisition of Multiple Images Printing of
Chicago, Illinois.
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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-
Mergers & Acquisitions,
Chief Financial and Accounting Officer
Date: September 2, 1999
2
EXHIBIT 99.1
CONTACT: Ronald E. Hale, Jr.
Consolidated Graphics, Inc.
Vice President & Treasurer
(713) 787-0977
Betsy Brod/Jonathan Schaffer
Media: Merridith Ingram/Heather Fox
Morgen-Walke Associates, Inc.
(212) 850-5600
FOR IMMEDIATE RELEASE
CONSOLIDATED GRAPHICS TO ACQUIRE PICCARI PRESS
OF PHILADELPHIA, PENNSYLVANIA
Houston, Texas - September 1, 1999 - Consolidated Graphics, Inc. (NYSE:CGX)
announced today that it has signed a letter of intent to acquire Piccari Press,
Inc., a leading commercial printing company serving the Philadelphia area.
Piccari provides a full range of printing services, including electronic
prepress, up to six-color printing and a complete postpress with mailing and
fulfillment capabilities. The management team of Joe Trefaller, President, Carl
Piccari, Sr. and Carl Piccari, Jr. will remain with the company upon completion
of the transaction. Other terms were not disclosed.
Joe R. Davis, Chairman and Chief Executive Officer of Consolidated
Graphics, commented, "Piccari has distinguished itself by focusing on the
service and quality issues that are important to their customers. In just 10
years, the company has grown to be one of the leading printing companies in the
large Philadelphia market. We are pleased to be able to support the management
team of Piccari Press and their dedicated employees as they work to continue
this success in the future."
Joe Trefaller added, "Shared philosophies on what makes printing companies
successful led to our decision to join Consolidated Graphics. At Piccari, our
success is the product of hard work and a desire to do whatever is necessary to
serve our customers. Consolidated Graphics became the industry leader with a
similar philosophy and we are pleased to join such an outstanding organization."
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 companies operating in 25 states
with annualized revenues in excess of $665 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.
# # #
EXHIBIT 99.2
CONTACT: Ronald E. Hale, Jr.
Consolidated Graphics, Inc.
Vice President & Treasurer
(713) 787-0977
Betsy Brod/Jonathan Schaffer
Media: Merridith Ingram/Heather Fox
Morgen-Walke Associates, Inc.
(212) 850-5600
FOR IMMEDIATE RELEASE
CONSOLIDATED GRAPHICS COMPLETES ACQUISITION OF
APPLE GRAPHICS OF LOS ANGELES, CALIFORNIA
HOUSTON, TEXAS - September 2, 1999 - Consolidated Graphics, Inc. (NYSE:CGX)
announced today that it has completed its acquisition of Apple Graphics, a full
service, high-quality commercial printer operating in Los Angeles for the past
27 years. Kevin Polley, President, and Nancy Bremer, General Manager, will
continue to lead the company. Other terms were not disclosed.
Joe R. Davis, Chairman and Chief Executive Officer of Consolidated
Graphics, commented, "With the addition of Apple Graphics, we expand our
presence in Los Angeles, the nation's third largest print market, and continue
our strategy of acquiring profitable companies with strong management teams.
With the resources now available to Kevin Polley, Nancy Bremer and the team at
Apple Graphics, we will help them to accelerate their exceptional performance
going forward."
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 companies in 25 states nationwide
with annualized revenues in excess of $665 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.
# # #
EXHIBIT 99.3
CONTACT: Ronald E. Hale, Jr.
Consolidated Graphics, Inc.
Vice President & Treasurer
(713) 787-0977
Betsy Brod/Jonathan Schaffer
Media: Merridith Ingram/Heather Fox
Morgen-Walke Associates, Inc.
(212) 850-5600
FOR IMMEDIATE RELEASE
CONSOLIDATED GRAPHICS COMPLETES ACQUISITION OF
MULTIPLE IMAGES PRINTING OF CHICAGO, ILLINOIS
HOUSTON, TEXAS - September 2, 1999 - Consolidated Graphics, Inc. (NYSE:CGX)
announced today that it has completed its acquisition of Multiple Images
Printing, Inc., a high-quality commercial printing company serving the Chicago
market. Multiple Images offers a full line of services including design,
pre-press, printing and finishing as well as fulfillment and mailing. Jim
Capuano will continue in his current role as President. Representing Multiple
Images in the transaction was Bill Crowley of Hardie & Crowley, LLC located in
Austin, Texas. Other terms were not disclosed.
Joe R. Davis, Chairman and Chief Executive Officer of Consolidated
Graphics, commented, "Multiple Images is an innovative company that has grown by
providing its customers an array of services, from computer-to-plate prepress
to fulfillment and mailing. Their commitment to superior quality and to
exceeding customer expectations has been key to their success. We are pleased to
have them join Consolidated Graphics."
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 companies in 25 states nationwide
with annualized revenues in excess of $665 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.
# # #
