CONSOLIDATORS - Slowing, but Growing

PI: List your acquisitions that occurred this year, if any.

Norton: Nationwide did not make any acquisitions in 2000.

Davis: We haven't made any acquisitions to date in 2000. We've certainly looked at some good companies and are in negotiations with several of them.

Thompson: While 2000 has certainly not been as active for us at Mail-Well in terms of the number of acquisitions as have some past years, it was our second most active year in terms of acquired sales—more than $560 million. Obviously, our acquisition of American Business Products (ABP) in February represented the lion's share of these sales. The ABP acquisition was the largest deal we have done to date. At the time we acquired it, ABP had sales of over $475 million.