Midsummer Lull Ends With New Flurry of Activity

HOUSTON—The heat of midsummer seemed to have slowed the ongoing acquisition fever in the graphic arts business, but as summer winds down and executives return from vacation, a new spate of acquisition announcements has arrived.

Consolidated Graphics, based here, led the pack, signing letters of intent to acquire five new companies. Four of the new acquisitions—McKay Press in Midland, MI, Royle Communications in Sun Prairie, WI, Graphtec in Annapolis Junction, MD, and Printing Corp. of America in Baltimore— were acquired in one transaction led by Radnor, PA-based Compass Capital Partners. Only days later Consolidated signed another deal to acquire Bloomington, IL-based Metropolitan Printing Service.