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Quebecor Snags Comprehensive, $100 Million Deal with L.L.Bean

Press release from the issuing company

GREENWICH, Conn.--Oct. 17, 2002--Quebecor World Inc. has been awarded a multi-year contract by L.L.Bean to print one hundred percent of its catalog program. The total sales under the duration of the new contract are expected to exceed $100 million. This represents a significant change by L.L.Bean, in giving one printer responsibility for its entire catalog production. L.L.Bean, a 90 year old $1 billion retailer of apparel and outdoor gear, mails over 200 million catalogs per year, printed both offset and gravure in a variety of sizes and formats. Steve Fuller, Vice President of Corporate Marketing at L.L.Bean stated, "Our decision to move all of our work to Quebecor World was made after a careful assessment of all marketplace options. The strength and diversity of Quebecor World's manufacturing platform offers us a level of flexibility that we feel is critical to the success of our catalog program." He added that, "Quebecor World's willingness to make additional significant capital investments in support of our work was also a deciding factor". Quebecor World North America's Chief Operating Officer, John Paloian noted that, "We are delighted to have L.L.Bean recognize the value of single-sourcing their entire catalog print program with us. We are confident that Quebecor World's unique ability to provide total manufacturing and distribution solutions will continue to allow customers to benefit from significantly streamlined operations. We will invest appropriate resources on an on-going basis to further enable our customers to extract additional supply chain value." Under the new contract, Quebecor World will also provide L.L.Bean with mail list services, as well as order form production. Quebecor World will produce the work in its Augusta, Georgia and Franklin, Kentucky plants. List management will be handled out of Quebecor World's Bensenville division.