Gerald F. Mahoney

PALM BEACH, FL—Workflow Management has entered into an agreement to be acquired by Perseus LLC and The Renaissance Group, along with an amendment and limited waiver to the company's existing credit facility. WF Holdings, an entity controlled by both Perseus and The Renaissance Group, will acquire Workflow Management for $4.87 per share in cash. The deal is subject to the approval of Workflow Management's stockholders and the satisfaction of various closing conditions, including financing and a limitation on the company's net debt at closing. Workflow Management ranked 16th on the Printing Impressions 400 in 2003 with fiscal year 2002 sales of $622.71 million. A

PALM BEACH, FL—Former Workflow Management Chairman of the Board Thomas B. D'Agostino Sr. has resigned from the board amid allegations that he misused company funds. According to the findings of an investigation conducted by the company, D'Agostino failed to comply with company policies and procedures, including those relating to expenses and personal business activities. The investigation also found that D'Agostino failed to furnish complete information to the board regarding certain transactions, and that he should reimburse the company for certain expenses paid by the company. While not admitting to any wrongdoing, D'Agostino has paid the company $400,000 in settlement of these matters. He has also reportedly

Gerald F. Mahoney, chairman and CEO of Mail-Well, is particularly pleased with the margin improvements in each of the company's businesses so far this fiscal year. Mail-Well's 1999 second quarter showed a sales increase of 25 percent—to $439 million—from the same period a year ago. Second quarter net income of $15 million increased 33 percent from the same quarter last year. No doubt, Mail-Well is having a strong year. "We are particularly pleased with the margin improvements in each of our businesses," Mahoney said at the time the news of Mail-Well's second quarter was announced. "The second quarter demonstrates the continued success we

PHOENIX—Englewood, CO-based Mail-Well has entered into definitive agreements to acquire Imperial Litho & Dryography, a $26 million web and sheetfed printer based here, and Trafton Printing, an $8.5 million sheetfed operation in Amarillo, TX. "We are extremely fortunate that the senior management teams of both companies will continue with us in their current positions," says Gerald F. Mahoney, chairman and CEO of Mail-Well. Both will become part of Mail-Well's Commercial Printing Group. Malcolm Marr, president and CEO of Imperial, notes: "We strongly believe that Mail-Well offers Imperial the greatest opportunity for continued success. Joining forces will help us stay current with rapidly changing printing technology

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