Cadmus Communications Corporation

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

BY ERIK CAGLE It was around this time last year that paper buyers were being hit with an increase of $3 per hundred weight; approximately 6.5 percent on a typical 40/45 lb. No. 4 or No. 5 sheet. What a difference one year makes. As everyone else worries about whether their computers and household appliances will survive the Year 2000 (Y2K) bug scare or whether the new millennium party should start in 2000 or 2001, printers and their customers have other motivations to look toward the future with wonderment. No, call it glee. The paper market is soft to start the first quarter of

Though caution is key in what will most likely be a light ad market for certain portions of the publications segment, the powerful micro-publishing push and a moderate softening of paper prices should make 1999 one very vibrant year. BY MARIE RANOIA ALONSO Get out the sunglasses—the publications segment is glowing. Sure, the consolidation of titles and, in many cases, the shutdown of titles have impacted players in the publications printing market. But overall the continued strength of special-interest and trade titles, coupled with moderate paper pricing, is allowing the publications segment to virtually beam. Top 10 Publication Printers CompanySegmentSales(millions)Total Sales(millions)1R.R. Donnelley & SonsChicago$1,261.00$4,850.002Quebecor PrintingMontrea$1,009.20$3,480.003World

Financial printing experiences its highs and lows as does the stock market. A bullish stock market makes for a bullish financial printing climate. For 1999, fingers are crossed the bulls will be running. BY MARIE RANOIA ALONSO In 1997, the financial printing market was considered by some financial printers to be the hottest bull market in the history of mankind. Some financial printers dubbed 1997 the finest year ever for financial printing, with mergers and acquisitions in abundance and mutual funds robust. Life was good. Then came 1998—a year in which the bears took over and the stock market treated financial printers with a

Cadmus is at it again—changing the industry, breaking all the rules. And it's enjoying the infraction. "We're violating the old taboos of printing," says Steve Gillispie, Cadmus chairman, president and CEO. "Printers don't help you market. Printers don't help you create. But Cadmus isn't just a printer. Cadmus is a unique kind of communications company. We're creating, producing and distributing the entire communications message in one unmatched outsource solution." With the power of several business units all operating under one corporate umbrella, Cadmus is literally a one-stop communications shop. "This is where the future is headed," adds Steve Isaac, executive vice president of the

CHARLOTTE, NC—Cadmus Financial Communications, based here, and FPC Greenaway, of London, are in a joint trading agreement to market, produce and distribute financial documents worldwide. Combined, Cadmus and FPC Greenaway, a leading European financial printer, have facilities in 70 cities worldwide. Negotiations were in the works for a year prior to the partnering. Why was this agreement made? International document distribution. Cadmus is already creating, producing and distributing financial documents for its domestic customers internationally through this agreement and feels that the pact will help Cadmus Financial attain its overall growth objectives on an international scale Under terms of the alliance, the two

BOCA RATON, FL—The recent PIA/GATF Graphic Arts Industry Summit drew 225 paid attendees to hear merger and acquisition strategies and case studies, and to honor industry leaders. Though the conference theme of "Buy, Sell, Merge, Grow" was directed toward the attendees, Ray Roper, PIA's president, and George Ryan, GATF's president, were paying close attention and taking their own notes. The consolidation of their organizations continues. Formal discussions were begun last November by the management and boards of both the PIA and GATF. The two organizations may join together, but the term "merger" is inappropriate. GATF is classified as a 501-C-3 educational foundation, and PIA