Holden Communications

The 2012 Printing Impressions 400 list of the largest printing companies in the United States and Canada as ranked by annual sales.

(Editor's Note: Company rankings for the current and previous years are based on figures reported in 2004. Therefore, companies that revised their 2003 revenues may have changed their 2003 ranking as compared with the ranking that appeared in last year's Printing Impressions 400. Similarly, the percentage change in sales is calculated on the most recent information provided.) 51 ('03: 52) PBM Graphics, Research Triangle Park, NC Total Sales (Millions): $113.50 Previous Year's Sales (Millions): $102.20 Change (%): +11 Principal Officer: Terry L. Pegram Employees: 900 Primary Specialties: COM 85%; PUB 5%; PREP 5%; ADV 5% Web Offset Press Units: 11 Sheetfed Press Units: 90

By Erik Cagle Senior Editor Even though postal reform remains in a holding pattern and the 2004 economy dragged its feet en route to recovery, major players in the direct mail industry have high expectations to what the coming year will bring after a solid finish to the current year. The 2004 campaign was one of dramatic growth in top-line and bottom-line revenue for IWCO Direct, Chanhassen, MN. The company once again saw solid performances from the financial services and insurance markets, according to Jim Andersen, president and CEO. Top 10 Direct Mail Printers  CompanySegmentSales(millions)TotalSales(millions) 1Quebecor WorldMontreal$640$6,400 2RR DonnelleyChicago$492$8,204 3Vertis Inc.Baltimore$317$1,585 4Banta Corp.Menasha, WI$184$1,418

(Editor's Note: Company rankings for the current and previous years are based on figures reported in 2003. Therefore, companies that revised their 2002 revenues may have changed their 2002 ranking as compared with the ranking that appeared in last year's Printing Impressions 400. Similarly, the percentage change in sales is calculated on the most recent information provided.) 51 ('02: 53) Miami Systems, Cincinnati, OH Total Sales (Millions): $129.00 Previous Year's Sales (Millions): $138.00 Change (%): -7 Principal Officer: Samuel L. Peters Employees: 1,200 Primary Specialties: BF 30%; PKG 20%; DM 15%; SPEC 15% (Pre-paid telephone cards; plastic credit cards) Web Offset Press Units:

By Erik Cagle Senior Editor Issues abound for the direct marketing printer, and some of the high impact ones involve the federal government. Given this, there is but one absolute: don't expect hard and fast resolutions anytime soon. One topic centers on postal reform for the United States Postal Service (USPS); another deals with the possible redirection of marketing efforts from customers who may no longer believe that telemarketing is a viable answer in light of the federal Do-Not-Call (DNC) Registry. Top 10 Direct Mail Printers*  CompanySegmentSales(millions)TotalSales(millions) 1Quebecor WorldMontreal$624$6,242 2Vertis Inc.Baltimore$335$1,675 3Banta Corp.Menasha, WI$191$1,366 4RR DonnelleyChicago$142$4,754 5The Instant Web Cos.Chanhassen, MN$93$98 6Von Hoffmann(Lehigh Direct)St.

(Editor's Note: Company rankings for the current and previous years are based on figures reported in 2002. Therefore, companies that revised their 2001 revenues may have changed their 2001 ranking as compared with the ranking that appeared in last year's Printing Impressions 400. Similarly, the percentage change in sales is calculated on the most recent information provided.) 51 ('01: 58) MacNaughton Lithograph/Command Web Offset, Secaucus, NJ Total Sales (millions): $140.00 Previous Year's (millions): $140.00 Change (%): — Principal Officer: Andrew Merson Employees: 625 Primary Specialties: BKS 40%; DIR 25%; CAT 15%; FIN 10% Web Offset Units: 44 Sheetfed Offset Units: 6 Other: 0

Editor's note: Company rankings for the current and previous years are based on figures reported in 2001. Therefore, companies that revised their 2000 revenues may have changed their '00 ranking as compared with the ranking that appeared in last year's Printing Impressions 400. Similarly, the percentage change in sales is calculated on the most recent information provided. 2001 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: 5159J.J. Keller & Assoc., Neenah, WI$159.76$139.99+14Robert L. Keller830PUB 50%; BKS 30%; DM 10%; BF 10%2087Private1  2001 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: 5251Serigraph Inc.,

BY CAROLINE MILLER Acquisitions, new markets and additional facilities are just a few of the ways printers grew their sales last year. Printing Impressions takes a look at how several companies established new sources of revenue. Challenge Printing, Eden Prairie, MN Most Recent Fiscal Year Sales: $50.6 million Previous Year: $42.2 million Number of Employees: 315 Number of Plants: 2 Diversity is the key to Challenge Printing's success, explains Jay Carroll, Challenge's vice president of sales and marketing. "We really point to our investments into new capabilities over the last few years as the reason for our growth," says Carroll. Challenge's investment in new