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HP to sell presses to Consolidated Graphics

By Associated Press
June 2, 2008 | Comments (0)

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Hewlett-Packard Co. said Monday it agreed to sell HP Indigo digital presses to general commercial printing company Consolidated Graphics Inc. in a multimillion dollar deal.

Further financial details were not disclosed.

HP said the purchase represents a "significant portion of the capital expenditures Consolidated Graphics has planned for its digital printing operations this year." Last year, the company spent about $25 million on digital presses and related technology.

The deal is for installation of up to 36 HP Indigo digital presses at facilities in the U.S. and the Czech Republic, the company said.

Shares of Palo Alto, Calif.-based HP fell 89 cents to $46.17 in afternoon trading.

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