Lason Agrees to Buy Consolidated Repro
Lason Inc. said it agreed to buy Consolidated Reprographics for an undisclosed amount of cash and stock, as the corporate records manager expands its business in California, Arizona and Nevada. Irvine-based Consolidated, which is privately held, supplies digital imaging services to architects and engineers. Lason, based in Troy, Mich., is expanding through acquisitions, and Consolidated is its ninth buy this year. It bought 14 companies in 1997. Lason now has facilities in 25 states, including 55 multi-function imaging centers and more than 90 facility management sites on customers’ premises. Lason’s shares fell $3.19 to close at $50.69 on Nasdaq.