Mail-Well Voted Number Two Most Admired by Fortune Magazine
Press release from the issuing company
ENGLEWOOD, Colo.--March 8, 2004--Mail-Well, Inc., one of North America's leading providers of visual communications services, today announced that they have been awarded second place in the printing and publishing category as Fortune Magazine's Most Admired Companies for 2004. The results, published in the Fortune's March issue, are based on eight key attributes: innovation, employee talent, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, and quality of products/services. Mail-Well's average score was 6.32, just under R.R. Donnelly and Sons, with a score of 7.31, but higher than Banta Corporation, who ranked third, with a score of 6.07.
"It's quite an honor to be considered among Fortune Magazine's Most Admired Companies," said Paul Reilly, Mail-Well's president, CEO, and chairman. "It is a great testimony to the strategy and organization we put in place last year that aligned Mail-Well to complement our customers' needs. In addition, we are proud to have been acknowledged by a publication of Fortune's prestige, as well as by industry experts, that recognize a company for its focus on qualities beyond revenues and profits."
Fortune's Most Admired award is based on a survey by The Hay Group, a global human resources and organizational consulting firm. This survey looked at the top 10 companies by revenue in 64 industries, including foreign firms with large U.S. operations. Companies within each industry were then ranked by 10,000 industry executives, directors, and securities analysts on the eight key attributes, using a scale of one to ten. Mail-Well most outstanding scores occurred in the innovation, use of corporate assets, and quality of management attributes.
Top Honors in Home State Also Awarded
In addition to Fortune's number two nationwide ranking in the printing and publishing category, Mail-Well also took the second spot across all industries headquartered in the state of Colorado. Out of the twelve companies based in the state, only one other company, Storagetek, a manufacturer of data storage hardware, ranked above Mail-Well as one of the most admired companies according to the Fortune survey.
WhatTheyThink is the global printing industry's leading independent media organization with both print and digital offerings, including WhatTheyThink.com, PrintingNews.com and WhatTheyThink magazine versioned with a Printing News and Wide-Format & Signage edition. Our mission is to provide cogent news and analysis about trends, technologies, operations, and events in all the markets that comprise today’s printing and sign industries including commercial, in-plant, mailing, finishing, sign, display, textile, industrial, finishing, labels, packaging, marketing technology, software and workflow.