Editor's note: Company rankings for the current and previous years are based on figures reported in 2000. Therefore, companies that revised their 1999 revenues may have changed their '99 ranking as compared with the ranking that appeared in last year's Printing Impressions 500. Similarly, the percentage change in sales is calculated on the most recent information provided.2000 Ranking:Previous Year's Ranking:Company:Total Sales (millions):Previous Year's (millions):Change (%):Principal Officer:Employees:Primary Specialties:Web Offset Units:Sheetfed Offset Units:Other:Ownership:Plants:1 1Quebecor World*, Montreal, Canada$6,540.00$6,160.00+6Charles G. Cavell44,000PUB 29%; ADV 20%; CAT 17%; DM 13%3,156985808Public 160*Parent: Quebecor Inc., Montreal, Canada 2000 Ranking:Previous Year's Ranking:Company:Total Sales (millions):Previous Year's (millions):Change (%):Principal Officer:Employees:Primary Specialties:Web Offset Units:Sheetfed Offset Units:Other:Ownership:Plants:2
Cadmus Communications Corporation
These recently named company presidents are rolling up their sleeves to catapult their companies to new heights. BY SCOTT POLK Bruce ThomasPresident and CEOCadmus Communications, Richmond, VAWhen Bruce Thomas was 18 years old, his father thought a factory job would be a positive experience for his son. So Thomas, who had recently graduated from high school, went to work for a stamping factory in Cleveland. About the same time, there was a sanitation worker strike in Cleveland and the uncollected garbage was beginning to pile up in bins at the stamping factory. Finally, the company arranged for dump trucks to come and ship
BY CHRISTOPHER CORNELL Each little drop in the bucket doesn't amount to much, but after a while it can turn into a torrent; that's the metaphor that applies to the graphic arts industry in 1999. Each individual merger and acquisition during the course of the year didn't affect the industry that much, but, in the aggregate, 1999 will likely be remembered as the year in which the number of companies in it noticeably shrunk. The biggest news story of the year was one just about everybody saw coming. Just after mid-year, following weeks of industry speculation, Quebecor Printing and World Color Press signed a
Publication printers are rising to meet the demands of rapid technological change, competition from the Internet and the changing whims of publishers. Will 2000 carry a darker dawn for this segment? Yes and no. BY MARIE RANOIA ALONSO As 1998 came to a close, the outlook for the publications segment was bright, despite the consolidation of titles that impacted the market's major players. Overall, the minds of the publications market called for continued growth for the segment throughout 1999, with particular emphasis on the hearty performance of the special-interest title. In total, while the projection for the publications market going into 1999 was conservative,
Financial printing is benefiting from a robust M&A market, continued mutual fund surges and (surprise!) the Internet, as 2000 sets its sights on Wall Street. In 1997, the financial printing market was considered by some financial printers to be the hottest bull market in modern history. By the end of 1998, the same financial printing insiders were less enthused, dubbing 1998 a year of difficult "highs and lows," as the financial printing market and its lifemate—Wall Street—rode out a year that, for the market's competitive printers, was burdened with a dramatic downturn of transactional business. Then came 1999—thank goodness. Top 10 Financial Printers CompanySegmentSales(millions)Total Sales(millions)1R.R.
BY ERIK CAGLE It didn't take long for C. Stephenson Gillispie Jr. to appreciate the importance of swift and certain decision making. On one occasion, his life and those of several other people depended on it. Gillispie developed a love of flying in his twenties. During that period, he was piloting a single-engine aircraft out of St. Thomas, in the U.S. Virgin Islands, when the engine stalled at 600 feet during takeoff. It would take approximately one minute for the plane to return to earth. He had three landing options: a mountain on the left, the town straight ahead and a bay on the
EASTON, PA—Richmond, VA-based Cadmus Communications has acquired The Mack Printing Group, based here, and its subsidiaries. Mack is a $165 million producer of journals, magazines and periodicals. The purchase price was approximately $200 million in cash, seller-provided subordinated debt and Cadmus common stock. Cadmus officials say this acquisition continues its strategy of creating leadership positions in select, niche markets. The addition of Mack increases Cadmus' annual revenues by more than 40 percent and solidifies its position as the world's leading producer of scientific, technical and medical (STM) journals. The acquisition brings to Cadmus new capabilities to better serve the fast-growing "short-run" segment of
With its recent acquisition of the Mack Printing Group tucked away, Cadmus looks to conquer greater territories in select, niche markets—with an eye on journals, magazines, periodicals and packaging. What is the vision behind Cadmus' strategic plan? C. Stephenson Gillispie Jr. offers a few clues. BY MARIE RANOIA ALONSO THE START of Spring marked the start of what may be the most lucrative of years for Cadmus Communications, which, on April 1st, announced it had acquired Mack Printing Group—a leading producer of journals, magazines and periodicals with annual revenues of approximately $165 million—for the purchase price of approximately $200 million, consisting of cash,
Paper manufactured overseas is comparatively inexpensive and readily available, but what's its long-term potential for commercial printers here in the United States? BY ERIK CAGLE Like Beanie Babies and baseball cards, foreign paper has become too much of a good thing. The respective markets all reached a saturation point, but when it comes to paper, you won't hear any printers complaining about the situation. Collectors may bemoan the dwindling value of Rainbow the Unicorn or a 1984 Fleer Update Kirby Puckett, but it's not likely the decline in price for Phoeno Star No. 2 is going to make a commercial printer throw a mug
RICHMOND, VA—Cadmus Communications has agreed to sell its Financial Printing and Custom Publishing divisions. Cadmus officials say these divestitures are part of an ongoing strategy to streamline its business units and focus its resources in select niche markets that the company believes to be poised for aggressive growth. Commenting on the divestitures, C. Stephenson Gillispie Jr., Cadmus' chairman, president and CEO, notes: "For Cadmus, these transactions mark a new milestone in our strategy to create leading businesses in select niche markets. We are narrowing our focus and concentrating our resources on our key markets—professional communications, specialty pack- aging, point-of-purchase and marketing services—in an
