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Official 2000 Ranking of the Industry's Top Printing Firms

GAM 101 ranking information is compiled by Lisa Cross, Business Editor -- Graphic Arts Online, 11/1/2000

This edition of the annual GAM 101 ranking, the 18th in the series, contains the names of the 101 largest public and privately held printing companies in North America, ranked by sales volume for their most recent fiscal year. The list, which focuses on commercial and catalog/publication printers, also includes companies whose primary products consist of books, business forms, direct mail, financial printing, inserts, and specialty printing.

Presented here are the companies' sales for the most recent and previous fiscal year (and percent change), number of employees and sales per employee, number of manufacturing sites, name of the chief executive, and, where available, the capital expenditure figure for the most recent fiscal year. In almost all cases, information was provided by the companies themselves in response to a mailed questionnaire, although some figures were obtained via annual reports, telephone contact, and company Web sites.

Most of the sales figures given reflect actual amounts, however, some sales figures were estimated because acquisitions and nondisclosure policies of privately held companies (a few firms asked not to be included). For Canadian firms, a single currency exchange rate was applied.

Mainly because of the difference in how companies treat the cost of paper--commercial printers generally include paper in their revenue figures, publication printers do not--direct comparisons between companies can be misleading. Finally, as testimony to the continuing restructuring of the printing industry, some familiar names no longer appear.

Additional copies of the 2000 GAM 101 double-gatefold form are available for $10 per copy. Send payment with order to Duane Billek, Cahners Reprint Services, 1350 E. Touhy Ave., Des Plaines, Ill. 60018, or phone (800) 323-4958, ext. 2784.

GAM 101 ALPHABETICAL LISTING

Company

Rank

AdPlex, Inc.

68

American Color Graphics

19

American Lithographers

96

American Spirit Graphics

77

Applied Printing Technologies

52

Arandell Corporation

27

Avanti Case-Hoyt

35

Balmar, Inc.

87

Banta Corporation

9

Berlin Industries Inc.

37

Bowne & Co.

10

Brown Printing Co.

23

Cadmus Communications Corp.

20

Canadian Bank Note

69

Challenge Printing, Inc.

100

Champion Industries Inc.

43

Clarke American Checks, Inc.

22

ColorDynamics

94

ColorGraphics, Inc.

41

Consolidated Graphics

17

Continental Web Press

49

Courier Corporation

31

Data Business Forms Limited

34

Deluxe Corp.

5

Dingley Press, The

79

Disc Graphics, Inc.

71

E & D Web, Inc.

70

Edwards Brothers, Inc.

66

Ennis Business Forms, Inc.

29

Fort Dearborn Company

33

G.T.C. Transcontinental Group

14

Gannett Offset

42

GBF Graphics, Inc.

65

Hart Graphics

85

Hennegan Company, The

73

Henry Wurst, Inc.

54

Hickory Printing Group

101

Highland Computer Forms

91

Holden Graphic Services

80

Insync Media

89

Intelligencer Printing Co.

95

J.J. Keller & Associates, Inc.

40

Japs-Olson Co.

45

John H. Harland Co.

15

John Roberts Co., The

74

K/P Corporation

57

Keller Crescent Co., Inc.

63

Kelly Companies, The

76

L & E Packaging, Inc.

84

L.P. Thebault Company

50

Lane Press, The

88

Lehigh Press, Inc., The

38

Lithographix Inc.

55

MacNaughton Litho

39

Mail-Well, Inc.

4

Malloy Lithographing, Inc.

98

Maple-Vail Book Mfg. Group, The

62

Master Graphics Inc.

25

Merrill Corporation

18

Meyers Printing Company

83

Moore Corporation

3

Nationwide Graphics, Inc.

51

Neenah Printing/Printed Systems

72

Network Communications, Inc.

61

New England Business Services

21

Nielsen Company, The

58

NorthStar Print Group, Inc.

81

Outlook Group Corp.

67

Panel Prints, Inc.

102

Paxar Corporation

16

PBM Graphics

47

Penn Lithographics

99

Perry Judd's Incorporated

24

Progress Printing

93

Publishers Press, Inc.

32

Quad/Graphics

7

Quebecor World Inc.

1

R.R. Donnelley & Sons

2

Relizon

12

Rhodes Printing Group

48

Sheridan Group, The

30

Sandy Alexander Inc.

44

Scientific Games Holding Corp.

26

Smith Lithograph Corporation

97

Smyth Companies

56

Solar Communications

92

Spencer Press Inc.

53

St. Ives Inc.

46

St. Joseph Corp.

28

Standard Register

8

Strine Printing Company, Inc.

64

Taylor Corporation Companies

11

Times Printing Co. Inc.

78

Toppan Printing Co. America, Inc.

75

Trend Offset Printing

36

Universal Printing Co.

82

Valassis Communications

13

Wallace Computer Services

6

Webcrafters, Inc.

59

Williamson Printing Corp.

60

Wisconsin Color Press, Inc.

90

Worzalla Publishing Co.

86

CAPITAL EXPENDITURE

R.R. Donnelley & Sons

$276,000,000

Quebecor World Inc.

275,000,000

Quad/Graphics

206,000,000

Mail-Well, Inc.

85,000,000

Banta Corporation

84,000,000

Standard Register

67,567,000

Consolidated Graphics

62,486,000

Brown Printing Co.

57,000,000

Paxar Corporation

31,900,000

New England Business Services, Inc.

21,000,000

Clark American Checks, Inc.

20,000,000

Strine Printing Company, Inc.

20,000,000

Japs-Olson Co.

18,050,885

Cadmus Communications Corp.

16,484,000

L.P. Thebault Company

15,000,000

Publishers Press, Inc.

15,000,000

St. Ives Inc.

15,000,000

Merrill Corporation

14,854,000

Valassis Communications

14,300,000

Times Printing Co. Inc.

14,000,000

Continental Web Press

$12,000,000

Lehigh Press, Inc., The

12,000,000

PBM Graphics

12,000,000

Perry Judd's Incorporated

11,000,000

Rhodes Printing Group

10,000,000

St. Joseph Corp.

10,000,000

Trend Offset Printing

10,000,000

Williamson Printing Corp.

10,000,000

Hickory Printing Group

9,000,000

Fort Dearborn Company

8,000,000

Smyth Companies

8,000,000

Henry Wurst, Inc.

7,400,000

Sandy Alexander Inc.

7,000,000

Spencer Press Inc.

6,178,000

Challenge Printing, Inc.

6,000,000

K/P Corporation

6,000,000

Toppan Printing Co. America, Inc.

6,000,000

Holden Graphic Services

5,400,000

Courier Corporation

5,000,000

J.J. Keller & Associates

4,916,817

Network Communications, Inc.

4,200,000

Champion Industries Inc.

4,078,328

Edwards Brothers, Inc.

$4,000,000

MacNaughton Litho

4,000,000

Lane Press, The

3,500,000

L & E Packaging, Inc.

3,500,000

Penn Lithographics

3,500,000

American Spirit Graphics

3,000,000

Intelligencer Printing Co.

3,000,000

Meyers Printing Company

3,000,000

Nationwide Graphics, Inc.

3,000,000

Canadian Bank Note

2,634,351

Disc Graphics, Inc.

2,500,000

Solar Communications

2,500,000

AdPlex, Inc.

2,200,000

Keller Crescent Co., Inc.

2,100,000

GBF Graphics, Inc.

2,000,000

John Roberts Co., The

2,000,000

Malloy Lithographing, Inc.

1,800,000

Worzalla Publishing Co.

1,800,000

ColorDynamics

1,600,000

NorthStar Print Group, Inc.

1,600,000

Panel Prints, Inc.

1,500,000

Outlook Group Corp.

1,420,000

Nielsen Company, The

1,094,492

Insync Media

1,000,000

THE GAM 101 OFFICIAL RANKING 2000

Rank

Name (Parent Company), Location

Sales Most Recent Fiscal Year (000)

Sales Previous Fiscal Year (000)

Change

Employees

Sales per Employee

Mfg. Sites

Primary Products

CEO

Capital Expenditure

1

Quebecor World Inc.1, Montreal, Quebec

$6,500,000**

$3,800,000

71%

43,000

$151,163

160

PUB

C.G. Cavell

$275,000,000**

2

R.R. Donnelley & Sons1, Chicago, IL

5,183,408

5,018,436

3%

34,000

152,453

55

BK,CAT,COM,PUB

W.L. Davis

276,000,000

3

Moore Corporation1, Toronto, Ontario

2,425,100

2,700,000

-10%

15,812

153,371

35

BUS

T.E. Kierans

N/A

4

Mail-Well, Inc.1, Englewood, CO

2,200,000**

1,848,000

19%

17,000

129,412

140

COM

G.F. Mahoney

85,000,000

5

Deluxe Corp.1, Shoreview, MN

1,650,000

1,931,796

-15%

11,900

138,655

9

SPC

J.A. Blanchard III

N/A

6

Wallace Computer Services1, Lisle, IL

1,530,500

1,356,100

13%

8,464

180,825

48

COM

R.J. Cronin

N/A

7

Quad/Graphics, Pewaukee, WI

1,530,000

1,400,000

9%

12,000

127,500

16

COM

H.V. Quadracci

206,000,000

8

Standard Register1, Dayton, OH

1,327,000

1,397,000

-5%

8,000

165,875

57

BUS

D.L. Rediker

67,567,000

9

Banta Corporation1, Menasha, WI

1,278,000

1,336,000

-4%

7,000

182,571

24

COM

D.D. Belcher

84,000,000

10

Bowne & Co.1, New York, NY

1,011,800

850,444

19%

7,200

140,528

18

FIN

R.M. Johnson

N/A

11

Taylor Corporation Companies, North Mankato, MN

950,000

865,000

10%

10,000

95,000

45

BUS,COM,INS

G. Taylor

N/A

12

Relizon, Kettering, OH

810,000

731,000

11%

4,600

176,087

22

BUS

R.A. Hedeen

N/A

13

Valassis Communications1, Livonia, MI

794,566

741,383

7%

1,679

473,238

4

INS

A.F. Schultz

14,300,000

14

G.T.C. Transcontinental Group1 (Transcontinental Printing Inc.), Montreal, Quebec

778,451*

672,418

16%

10,000

77,845

35

INS

L. DesJardins

N/A

15

John H. Harland Co.1, Decatur, GA

702,512

673,947

4%

5,393

130,264

35

BUS,SPC

T.C. Tuff

N/A

16

Paxar Corporation1, White Plains, NY

661,800

611,600

8%

5,400

122,556

25

SPC

A. Hershaft

31,900,000

17

Consolidated Graphics1, Houston, TX

625,000

436,000

43%

5,000

125,000

68

COM

J.R. Davis

62,486,000

18

Merrill Corporation, St. Paul, MN

588,000

510,000

15%

1,046

562,141

5

COM,FIN

J.W. Castro

14,854,000

19

American Color Graphics (ACG Holdings), Brentwood, TN

546,710

520,343

5%

2,760

198,083

18

COM, INS, PUB

S.M. Dyott

N/A

20

Cadmus Communications Corp.1, Richmond, VA

496,311

443,045

12%

3,500

141,803

13

PUB

B.V. Thomas

16,484,000

21

New England Business Services, Inc.1, Groton, MA

485,386

470,477

3%

3,779

128,443

14

BUS

R.J. Murray

21,000,000

22

Clarke American Checks, Inc. (Caradon plc), San Antonio, TX

405,000

351,000

15%

3,200

126,563

20

FIN

C.L. Korbell Jr.

20,000,000**

23

Brown Printing Co. (Gruner + Jahr), Waseca, MN

376,000

355,000

6%

2,600

144,615

3

PUB

D.R. Nitz

57,000,000

24

Perry Judd's Incorporated (Milhous Group), Waterloo, WI

320,000

311,000

3%

2,400

133,333

5

CAT,PUB

C.A. Hutchison

11,000,000

25

Master Graphics Inc.1, Memphis, TN

261,541

163,277

60%

1,900

137,653

22

COM

M. Bemis

N/A

26

Scientific Games Holding Corp.1, Alpharetta, GA

228,573

213,800

7%

1,500

152,382

5

SPC

W.G. Malloy

N/A

27

Arandell Corporation, Menomonee Falls, WI

197,600

177,400

11%

575

343,652

1

CAT

D.J. Treis

N/A

28

St. Joseph Corp., Concord, Ontario

177,000

162,000

9%

1,600

110,625

6

COM

T. Gagliano

10,000,000

29

Ennis Business Forms, Inc.1, DeSoto, TX

166,500

150,922

10%

1,790

93,017

17

BUS

K.S. Walters

N/A

30

The Sheridan Group, Hunt Valley, MD

164,450

135,300

22%

2,000

82,225

5

PUB

J.A. Saxton

N/A

31

Courier Corporation1, North Chelmsford, MA

163,991

151,591

8%

1,320

124,236

7

BK

J.F. Conway III

5,000,000

32

Publishers Press, Inc., Louisville, KY

160,375

166,300

-4%

1,800

89,097

2

PUB

N.X. Simon

15,000,000

33

Fort Dearborn Company, Niles, IL

156,000

158,179

-1%

875

178,286

13

SPC

R. Adler Jr.

8,000,000

34

Data Business Forms Limited1 (Workflow Management), Brampton, Ontario

149,672

125,810

19%

1,300

115,132

10

BUS,SPC

D.M. Odell

N/A

35

Avanti Case-Hoyt, Miami, FL

148,300

134,000

11%

800

185,375

2

CAT,COM

J. Arriola

N/A

36

Trend Offset Printing, Los Alamitos, CA

148,000

130,000

14%

833

177,671

3

CAT,COM,INS,PUB

A.J. Lienau

10,000,000

37

Berlin Industries Inc. (Smith Investment), Carol Stream, IL

147,566

141,000

5%

950

155,333

3

COM

B.M. Smith

N/A

38

The Lehigh Press, Inc., Broadview, IL

145,000

130,000

12%

535

271,028

3

BK,COM,INS

R.A. Frick Jr.

12,000,000

39

MacNaughton Litho, Secaucus, NJ

140,000

160,000

-13%

550

254,545

5

BK,CAT,FIN

A. Merson

4,000,000

40

J.J. Keller & Associates, Inc., Neenah, WI

139,991

125,749

11%

850

164,695

1

BK,BUS,PUB

R.L. Keller

4,916,817

41

ColorGraphics, Inc., Los Angeles, CA

132,390

116,176

14%

450

294,200

4

COM

C.N. Madison

N/A

42

Gannett Offset1 (Gannett Company, Inc.), Springfield, VA

127,454

127,000

0%

1,338

95,257

9

PUB

D.V. Washburn

N/A

43

Champion Industries Inc.1, Huntington, WV

124,359

123,061

1%

895

138,949

13

BK,BUS,COM,FIN

M.T. Reynolds

4,078,328

44

Sandy Alexander Inc. (Mickelberry Communications), Clifton, NJ

123,170

109,990

12%

425

289,812

2

COM

F. Stillo

7,000,000

45

Japs-Olson Co., St. Louis Park, MN

120,118

114,670

5%

752

159,731

1

COM

R.E. Murphy

18,050,885

46

St. Ives Inc.1, Hollywood, FL

115,095

112,610

2%

775

148,510

3

COM

W.R. Angstrom

15,000,000

47

PBM Graphics, Durham, NC

114,000

87,000

31%

1,100

103,636

4

COM

T.L. Pegram

12,000,000

48

Rhodes Printing Group, Charlestown, IN

110,200

104,300

6%

473

232,981

3

INS

L. Kopatz

10,000,000

49

Continental Web Press, Itasca, IL

103,000

100,000

3%

600

171,667

2

CAT

K.W. Field Sr.

12,000,000

50

L.P. Thebault Company, Parsippany, NJ

102,000

102,000

0%

480

212,500

3

COM

J.B. Thebault

15,000,000

51

Nationwide Graphics, Inc., Houston, TX

$102,000

$95,000

7%

650

$156,923

7

COM

C. Norton

3,000,000

52

Applied Printing Technologies, Moonachie, NJ

100,000

99,000

1%

426

234,742

3

COM

S. Server

N/A

53

Spencer Press Inc., Wells, ME

98,500

85,520

15%

800

123,125

1

CAT

J.E.Spenlinhauer III

6,178,000

54

Henry Wurst, Inc., North Kansas City, MO

97,000

90,000

8%

847

114,522

9

COM

M.S. Wurst

7,400,000

55

Lithographix Inc., Los Angeles, CA

95,500

91,000

5%

470

203,191

2

COM

H. Zebrack

N/A

56

Smyth Companies, St. Paul, MN

95,000

95,000

0%

650

146,154

5

SPC

D.K. Baumgardner

8,000,000

57

K/P Corporation, San Ramon, CA

94,000

89,000

6%

750

125,333

12

COM,SPC

J.W. Knapp

6,000,000

58

The Nielsen Company, Florence, KY

86,845

82,509

5%

725

119,786

3

COM

S.C. Nielsen III

1,094,492

59

Webcrafters, Inc., Madison, WI

86,000

73,000

18%

800

107,500

2

BK

J. Frautschi

N/A

60

Williamson Printing Corp., Dallas, TX

85,000

79,000

8%

450

188,889

1

COM

J. Williamson

10,000,000

61

Network Communications, Inc., Lawrenceville, GA

82,000

71,000

15%

795

103,145

2

PUB

J.M. McDonald

4,200,000

62

The Maple-Vail Book Mfg. Group (Maple Press), York, PA

81,000

79,000

3%

1,079

75,070

4

BK

J.S. Wisotzkey

N/A

63

Keller Crescent Co., Inc., Evansville, IN

80,035

76,095

5%

590

135,653

3

COM

T.M. Smythe

2,100,000

64

Strine Printing Company, Inc., York, PA

80,000**

65,000

23%

550

145,455

2

COM

M.A. Strine

20,000,000

65

GBF Graphics, Inc., Skokie, IL

77,400

81,400

-5%

460

168,261

5

BUS

R.S. Kuntz

2,000,000

66

Edwards Brothers, Inc., Ann Arbor, MI

75,000

67,000

12%

800

93,750

3

BK

J.J. Edwards

4,000,000

67

Outlook Group Corp.1, Neenah, WI

71,338

67,086

6%

900

79,264

5

COM

J. Baksha

1,420,000

68

AdPlex, Inc. (Bent Pencil Group, Inc.), Houston, TX

70,800

67,600

5%

440

160,909

4

INS,SPC

G. Walters

2,200,000

69

Canadian Bank Note1, Ottawa, Ontario

68,493*

66,517*

3%

650

105,374

3

SPC

D.R. Arends

2,634,351

70

E & D Web, Inc., Cicero, IL

68,000

56,000

21%

150

453,333

1

CAT,COM,INS,PUB

C.B. Love

N/A

71

Disc Graphics, Inc.1, Hauppauge, NY

67,988

58,882

15%

565

120,333

4

SPC

D. Sinkin

2,500,000

72

Neenah Printing/Printed Systems (Menasha Corp.), Neenah, WI

67,105

66,731

1%

470

142,777

4

COM

T. Prosser

N/A

73

The Hennegan Company, Florence, KY

66,000

66,000

0%

370

178,378

1

COM

R.B. Ott

N/A

74

The John Roberts Co., Minneapolis, MN

66,000

64,200

3%

370

178,378

1

COM

M.R. Keene

2,000,000

75

Toppan Printing Co. America, Inc., New York, NY

65,000

60,000

8%

200

325,000

1

COM

S. Ohkado

6,000,000

76

The Kelly Companies (Kelly Press), Cheverly, MD

64,000

60,000

7%

300

213,333

2

COM

M.F. Kelly

N/A

77

American Spirit Graphics, Minneapolis, MN

63,500**

45,750

39%

330

192,424

4

COM

A.O. Carlson

3,000,000

78

The Dingley Press, Lisbon, ME

63,000

53,000

19%

360

175,000

1

CAT

C.A. Pierce

N/A

79

Times Printing Co. Inc., Random Lake, WI

63,000

56,000

13%

450

140,000

1

COM

R. Scholler

14,000,000

80

Holden Graphic Services, Minneapolis, MN

62,200

41,000

52%

725

85,793

6

DM

G.T. Holden

5,400,000

81

NorthStar Print Group, Inc. (Journal Communications), Milwaukee, WI

58,300

57,400

2%

400

145,750

4

SPC

R.J. Gasper

1,600,000

82

Universal Printing Co., St. Louis, MO

58,000

56,000

4%

325

178,462

2

COM

R.A. Ebel

N/A

83

Meyers Printing Company, Minneapolis, MN

57,600

53,900

7%

325

177,231

3

COM,SPC

D.G. Dillon

3,000,000

84

L & E Packaging, Inc., Greensboro, NC

57,325

51,055

12%

375

152,867

3

SPC

P. Wray

3,500,000

85

Hart Graphics, Austin, TX

56,000

54,000

4%

450

124,444

2

BK

D. Hart

N/A

86

Worzalla Publishing Co., Stevens Point, WI

55,265

55,374

0%

450

122,811

1

BK

C.W. Nason

1,800,000

87

Balmar, Inc., Falls Church, VA

51,200

52,400

-2%

500

102,400

4

COM

J.A. O'Hare

N/A

88

The Lane Press, South Burlington, VT

51,000

49,500

3%

395

129,114

1

PUB

P. Drumheller

3,500,000

89

Insync Media, Inglewood, CA

50,000

50,000

0%

230

217,391

1

COM

J. Waxman

1,000,000

90

Wisconsin Color Press, Inc. (MidContinent Printing, Inc.), Milwaukee, WI

50,000

43,000

16%

450

111,111

1

CAT,COM,PUB

F.C. Cappetta

N/A

91

Highland Computer Forms, Hillsboro, OH

49,698

34,968

42%

187

265,765

6

BUS

P. Wilson

N/A

92

Solar Communications, Naperville, IL

49,200

48,200

2%

460

106,957

3

DM

F.C. Hudetz

2,500,000

93

Progress Printing, Lynchburg, VA

47,000

39,108

20%

321

146,417

2

COM

T.D. Thornton II

N/A

94

ColorDynamics (RCL Enterprises), Allen, TX

45,300

45,200

0%

200

226,500

1

COM

C. Chalifoux

1,600,000

95

Intelligencer Printing Co., Lancaster, PA

45,000

44,000

2%

240

187,500

1

COM

M. Stief

3,000,000

96

American Lithographers (Surmfit Packaging Corp.), Hayward, CA

44,000**

40,000

10%

225

195,556

2

COM

K.K. Bittner

N/A

97

Smith Lithograph Corporation, Rockville, MD

43,900

40,700

8%

230

190,870

1

COM

C.R. Smith

N/A

98

Malloy Lithographing, Inc., Ann Arbor, MI

43,100

42,200

2%

350

123,143

1

BK

W.L. Upton

1,800,000

99

Penn Lithographics (JSJ Corporation), Cerritos, CA

43,000

36,000

19%

240

179,167

1

COM

R.A. Howington

3,500,000

100

Challenge Printing, Inc. Eden Prairie, MN

40,100

36,400

10%

300

133,667

2

COM

R.J. Lothenbach

6,000,000

101

Hickory Printing Group, Hickory, NC

40,000

39,000

3%

300

133,333

2

COM

T.W. Reese

9,000,000

102

Panel Prints, Inc. (W.M. Abene Company), Old Forge, PA

40,000

48,000

-17%

400

100,000

2

COM

W.M. Abene

1,500,000

BUBBLING UNDER THE GAM 101

Name (Parent Company), Location

Sales Most Recent Fiscal Year (000)

Change

Employees

Primary Product

CEO

The C.J. Krehbiel Co., Cincinnati, OH

$38,000

12%

235

BK

R.C. Krehbiel III

Ripon Community Printers (Lyke Corp.), Ripon, WI

37,888

2%

390

COM

H.A. Lyke

Lake County Press, Inc., Waukegan, IL

37,521

11%

230

COM

R.L. Johnson

US Web, Inc., Huntington, NY

35,000

3%

300

DM

J.V. Busa

The Dot Printer, Irvine, CA

34,500

19%

250

COM

B. Carson

E & G Printing Service, Inc., Madison Heights, MI

33,200

21%

150

COM

J. Strager

EPX, Portland, ME

32,700

2%

220

BUS

R.E. Willis

Greystone Graphics, Kansas City, KS

32,000

28%

155

COM

J. Surdez

Printing Partners of America, Plymouth, MN

32,000

60%

260

COM

D.E. Watt

Impressions Incorporated, St. Paul, MN

31,662

4%

280

COM

M.A. Jorgensen

Flower City Printing, Inc., Rochester, NY

30,125

3%

208

COM

W. Scheible

Pace Press Inc., Moonachie, NJ

27,000

-4%

100

COM

J. Mangi

Dickinson Press Inc., Grand Rapids, MI

23,340

-6%

135

BK

L. Hulst

Independent, Inc., De Pere, WI

21,937

1%

210

COM

W.R. Ziemendorf

Inland Press Menomonee, WI

20,000

8%

150

BK

J.H. Lacy

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