2002 Year in Review -- Silver Lining Still Tarnished

Printing Arts America (PAA), Darien, CT, one of a once-large number of industry consolidators, filed for Chapter 11 reorganizational bankruptcy late in 2001. By the middle of 2002, each of the individual companies in the PAA chain had been closed or sold back to the original owners. Consolidated Graphics of Houston went back to work, landing former PAA business S&S Graphics, of Laurel, MD, in an acquisition. Another Houston-based consolidator, Nationwide Graphics, landed three PAA companies: Classic Printing, Nashville, TN; AIM Riverside Press, Pompano Beach, FL; and Printing Arts Houston.