Two Printers Form Alliance

HOUSTON—The financial printing operations of Chas. P. Young Co., a wholly owned subsidiary of Consolidated Graphics, Inc., and the Financial Document Services business of Merrill Corporation, St. Paul, Minn., have formed a strategic alliance. The combined venture, named Merrill/CPY, will serve the Houston financial printing market.

"This alliance combines the financial printing capabilities of two respected names," reports Charles F. White, president and chief operating officer of Consolidated Graphics. "Merrill/CPY will prove to be a win-win situation for both companies and their customers.

"Merrill will benefit from Chas. P. Young's impressive customer base, large state-of-the-art facilities, and reputation for high-quality printing. Chas. P. Young will gain Merrill's worldwide typesetting and office network, which is able to support working groups in Merrill locations throughout the world."

Consolidated Graphics, which bills $625 million in annual sales, has operations in 25 states. Merrill, which has annual sales of $588 million, offers financial and commercial printing services.

In other news, the company is combining three smaller operations into three larger sites and is undertaking a plan to cut costs, improve productivity, and enhance customer satisfaction.