Strategic Action: Sharpen our Acquisition Program
- Pursue large potential acquisitions ($300-$600 mm) that:
- Accelerate our local market strategy in general commercial print
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- Accelerate consolidation of the envelope industry to drive our low-cost strategy
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- Build general commercial print market share in selected local markets
- Enables Mail-Well to triple the number of markets where it has a leading position (from 3 to 9)
- Creates a targeted $1.60-$1.90 increase in shareholder value in year 5 compared to today
- Target 45-55% debt/total capital (max 60%)
- Earn in excess of 12% after-tax cost of capital
- Integrate acquisitions effectively & efficiently
(EPS accretion is a necessary but not sufficient criteria)