EXHIBIT 99.1
FOR IMMEDIATE RELEASE
CONSOLIDATED GRAPHICS ANNOUNCES ACQUISITION
OF AMERICAN LITHOGRAPHERS
HOUSTON, TEXAS — February 7, 2002 — Consolidated Graphics, Inc. (NYSE:CGX) announced today that it has completed its acquisition of the American Lithographers, Inc. division of Smurfit Packaging Corporation, a subsidiary of Jefferson Smurfit Group, plc. Terms of the transaction were not disclosed.
Joe R. Davis, Chairman and Chief Executive Officer of Consolidated Graphics, commented, “American Lithographers continues our acquisition strategy and expands our west-coast presence with the addition of one of California’s top web and sheet-fed printers with facilities in both Hayward and Sacramento.”
“As the largest printer in northern California, American Lithographers’ extensive web capacity is key to our growth strategy. In addition, this web capability greatly enhances the product offering for our other 16 operations in the western United States,” stated Charles F. White, President and Chief Operating Officer. “We could not be more pleased to bring the outstanding customer base and fine reputation of American Lithographers to the Consolidated Graphics team.”
Consolidated Graphics, Inc. is the largest sheet-fed and half-web commercial printing company in the United States. Through its network of printing companies in 25 states, the Company produces high-quality customized printed materials for a broad customer base that includes many of the most recognized companies in the country. Consolidated Graphics also offers an extensive and growing range of digital and Internet-based services and solutions marketed through CGXmedia. Consolidated Graphics is focused on adding value to its operating companies by providing financial and operational strengths, management support and technological advantages associated with a national organization. For more information, visit the Company’s Web site 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 future sales and profitability assume, among other things, stability in the economy and reasonable growth in the demand for its products, the continued availability of raw materials at affordable prices, retention of its key management and operating personnel, as well as other factors detailed in Consolidated Graphics’ filings with the Securities and Exchange Commission. The forward-looking statements, assumptions and factors stated or referred to in this press release are based on information available to Consolidated Graphics today. Consolidated Graphics expressly disclaims any duty to provide updates to these forward-looking statements, assumptions and other factors after the day of this release to reflect the occurrence of events or circumstances or changes in expectations.
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