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Mail-Well sells label division

May 29, 2002 12:00 AM

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Mail-Well, Inc. (Englewood, CO) has completed the sale of its Mail-Well Label Div. for an undisclosed amount. The purchaser is Renaissance Mark, a privately held company owned by Greg Mosher and Arsenal Capital Partners (Denver).

"The sales 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," says Paul Reilly, Mail-Well chairman, president and CEO. The company previously announced that it will concentrate on its envelope and commercial-print segments.