Consolidation--Moguls of M&A

Absent an operational or sales fit with one of our existing locations, we generally would prefer our potential acquisitions to have minimum sales of $7 million to $10 million. This is a bit dependent on the particular segment of our business in which the potential acquisition will operate. For example, the acquisitions in our Printing for Distributors segment tend to be smaller than those in our Envelope segment. With respect to specialization, we do limit our acquisition efforts to companies that are in one of our existing business segments.