Mail-Well Shakeup Includes Plant Closings
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ENGLEWOOD, CO—Mail-Well has announced some sweeping changes that are projected to help the company realize a financial goal of achieving 15 to 20 percent annual EPS growth over the next five years, a plan that includes selling some plants and closing others.
The company has decided to concentrate its resources on the envelope and commercial printing segments, and will sell its smaller label and printed office products segment. Proceeds from the divestitures, which are slated to transpire over a 12-month period, will be used to decrease Mail-Well's debt, with a debt-to-total capital goal of less than 55 percent by the end of 2003.
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- People:
- Paul Reilly
- Places:
- EPS
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