CGX Signs Letter of Intent to Acquire Universal

HOUSTON—Consolidated Graphics (CGX) announced it has entered into a letter of intent to acquire Universal Printing, based in St. Louis. Terms of the transaction were not disclosed.

Founded in 1939, Universal Printing is a web and sheetfed commercial printing company serving customers nationwide. The firm employs 150 workers.

"Universal Printing is an extremely well-run company which will further expand our capabilities and footprint in the Midwest as we continue to build on our industry-leading position," said Joe Davis, chairman and CEO of Consolidated Graphics. "We believe Universal is an attractive company that fits our proven acquisition strategy."

Jim Cohen, executive vice president, mergers and acquisitions, of Consolidated Graphics, added, "Bob Ebel's expertise in guiding Universal's growth over the years is impressive, and he will be an excellent addition to what we like to refer to as the best peer group in our industry—our 70 operating company presidents."