The EGT Group and will now become CGX subsidiary EGT Printing Solutions and Jim Cohen, CGX executive VP for mergers and acquisitions, suggested the company may not be done picking up independent printers across the US.

"We are the most active acquirer in our industry and have remained just as active in the recession," Cohen told PrintWeek. "We are always looking for good acquisition candidates."

In a statement announcing the deal, The EGT Group co-owners Jon Strager and Michael Gonte, said, "We have long admired the Consolidated Graphics business model and are excited to offer our customers all of the capabilities and solutions that Consolidated Graphics has to offer. We are looking forward to being a part of the future with EGT Printing Solutions and having the financial strength and resources of Consolidated Graphics behind us."

The acquisition comes only weeks after CGX reported strong growth in both its fourth quarter and full year financials. For the three-month period that ended March 31, the company said revenues were up 8.9% year-over-year to US$258.1 m, while net income soared 56 times to US$8.9m. For the full year, Consolidated Graphics said revenues were up 6.4%, while net income jumped 66%.