Challenges Are Ahead For PAA, WallaceJanuary 2002
"Combined with emphasizing contract business, we intend to get our profits to the levels we know that we can achieve," he adds.
The restructuring is expected to result in annual cost savings of roughly $13 million. Operating leaders have also identified approximately $20 million in cost reduction opportunities in various areas.
Wallace, which employs more than 8,000 workers, ranked seventh on the Printing Impressions 400 with $1.7 billion in annual sales.