CONSOLIDATORS - Slowing, but Growing

Nor did we dream that Wall Street's view of our industry would change so radically and so quickly. We will adapt to this new set of rules and have, in fact, begun that process. At Mail-Well, we are taking advantage of the slowdown in acquisition activity to focus on running our businesses better and to emphasize the integration of our acquisitions. We look at this time as an opportunity to hone our operations, implement our purchasing programs, emphasize our cross-selling and national account program, and make strategic acquisitions.