Mail-Well Sells Label Div. for $75 Mil

Published: May 24, 2002, By PRESS RELEASE

ENGLEWOOD, CO, USA—Mail-Well, Inc., recently announced the sale of its Mail-Well Label Div. for $75 million (US), subject to post-closing adjustments, to Renaissance Mark, Inc., Denver, CO.

"The sale of our label division is a key step in the implementation of our strategic plan, narrowing our lines of business and reducing our debt load," states Paul Reilly, Mail-Well CEO. "We have been very impressed by the enthusiasm and commitment [Renaissance Mark] has shown for the label business, and we are delighted this purchaser represents such an exciting opportunity for the customers, management, and employees of the label division. We expect to maintain a valuable strategic relationship with Renaissance Mark in the printing business going forward."

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