Consolidated Graphics signs letter of intent to acquire Chicago-based printing services provider RT Associates; deal expected to close within next 90 days, will expand capabilities in the Midwest
June 27, 2011
– Consolidated Graphics, Inc. (NYSE: CGX)announced today that it has entered into a letter of intent to acquire RT Associates, Inc., located in Chicago, Illinois. The transaction is expected to be completed in the next 90 days.
Founded by Bob Radzis in 1983, RT Associates has grown to become one of the most technologically sophisticated marketing services providers in the Midwest. Using six sigma lean manufacturing protocol and state-of-the-art digital technology, RT Associates offers a full suite of marketing campaign management tools as well as digital and offset printing (including large format) and fulfillment services. RT Associates has also developed a proprietary marketing program that incorporates data analytics to develop web, mobile and print based marketing strategies such as web-to-print applications as well as targeted marketing utilizing trigger based personalized URLs and QR codes.
"RT Associates is a technologically innovative company which will further expand our capabilities and footprint in the Midwest as we continue to build on our industry leading position," commented Joe R. Davis, Chairman and Chief Executive Officer of Consolidated Graphics. "We believe RT Associates is an attractive company that fits our proven strategic acquisition strategy."
Jim Cohen, Executive Vice President, Mergers and Acquisitions, of Consolidated Graphics added, "RT Associates is a forward thinking company that has evolved with the times to embrace solutions selling, technology and digital printing. From my experience, it is unusual to find independent printing companies that have successfully made this transition, and RT appears to have done it."
Bob Radzis stated, "Joining Consolidated Graphics will bring RT Associates new opportunities and resources that will allow RT Associates to achieve the next level of growth. We look forward to working with Consolidated Graphics to create new opportunities for our business and our employees."
Consolidated Graphics, Inc. (CGX), headquartered in Houston, Texas, is one of North America's leading general commercial printing companies. With 70 printing businesses strategically located across 27 states, Toronto, and Prague, Consolidated Graphics offers an unmatched geographic footprint, unsurpassed capabilities, and unparalleled levels of convenience, efficiency and service. With locations in or near virtually every major U.S. market, CGX provides the service and responsiveness of a local printer enhanced by the economic, geographic and technological advantages of a large national organization.
Consolidated Graphics' vast and technologically advanced sheetfed and web printing capabilities are complemented by the world's largest integrated digital footprint. By coupling North America's most comprehensive printing capabilities with strategically located fulfillment centers and industry-leading technology, CGX delivers end-to-end print production and management solutions that are based on the needs of our customers to improve their results. For more information, visit http://www.cgx.com/.