CONSOLIDATED GRAPHICS -- The Art of Acquisition

"A number of companies were ripe for acquisition in the late 1990s, and most were acquired by somebody," Davis remarks. "There hasn't been a significant number of acquisitions in the printing industry over the past six years, so a lot of companies have matured and are now ripe for acquisition.

"Declining financial results during that period has kept owners from selling, because they haven't been able to get what they'd like for their retirement. But there's been a pick-up in the industry and companies are making more money, which will enable their owners to attain better prices than they could in the past."