PERRY JUDD'S -- Standing Out From the Crowd

Schmidt adds that future acquisitions are not out of the question, but underscores the requirement of annexing business that is both synergistic and capable of increasing stakeholder value. Any deal must be accretive to the company's overall financial standing.

During Schmidt's tenure with another commercial printer, a merger of two similarly large companies with vastly opposite cultures took place, and integration stood as a major challenge for several years. Internal culture, he says, is an aspect of M&A activity that is sometimes ignored.