<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM MAIL-WELL,
INC.'S FINANCIAL STATEMENTS FOR QUARTERS 1, 2 AND 3 OF FISCAL YEAR 1997 AND FOR
THE FISCAL YEAR ENDED DECEMBER 31, 1996 ADJUSTED FOR SFAS 128 AND STOCK SPLITS
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED> 
<MULTIPLIER> 1,000
       
                                                                                            
<PERIOD-TYPE>                   3-MOS                   3-MOS                   3-MOS                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1997             JUN-30-1997             SEP-30-1997             DEC-31-1996
<PERIOD-START>                             JAN-01-1997             APR-01-1997             JUL-01-1997             JAN-01-1996
<PERIOD-END>                               MAR-31-1997             JUN-30-1997             SEP-30-1997             DEC-31-1996
<CASH>                                          10,851                  12,523                  12,074                   9,656
<SECURITIES>                                     9,505                   9,505                   9,505                   9,505
<RECEIVABLES>                                   44,620                  46,062                  52,349                  40,532
<ALLOWANCES>                                         0                       0                       0                       0
<INVENTORY>                                     71,308                  73,001                  77,891                  68,275
<CURRENT-ASSETS>                               135,490                 141,254                 169,748                 135,532
<PP&E>                                         210,722                 216,636                 233,004                 205,708
<DEPRECIATION>                                (25,598)                (28,779)                (32,238)                (22,406)
<TOTAL-ASSETS>                                 473,306                 479,632                 544,253                 470,866
<CURRENT-LIABILITIES>                          110,981                 112,109                 121,944                 113,487
<BONDS>                                              0                       0                       0                       0
<PREFERRED-MANDATORY>                                0                       0                       0                       0
<PREFERRED>                                          0                       0                       0                       0
<COMMON>                                           390                     376                     376                     388
<OTHER-SE>                                     126,770                 134,489                 142,932                 120,770
<TOTAL-LIABILITY-AND-EQUITY>                   473,306                 479,632                 544,253                 470,866
<SALES>                                        212,032                 207,482                 233,496                 778,524
<TOTAL-REVENUES>                               212,032                 207,482                 233,496                 778,524
<CGS>                                          165,398                 161,201                 183,085                 611,591
<TOTAL-COSTS>                                  195,852                 190,221                 213,362                 717,662
<OTHER-EXPENSES>                                 (530)                   (354)                     348                     454
<LOSS-PROVISION>                                     0                       0                       0                       0
<INTEREST-EXPENSE>                               6,301                   6,213                   6,611                  31,218
<INCOME-PRETAX>                                 10,409                  11,402                  13,175                  29,190
<INCOME-TAX>                                     4,428                   4,826                   5,635                  12,263
<INCOME-CONTINUING>                              5,981                   6,576                   7,540                  16,927
<DISCONTINUED>                                       0                       0                       0                       0
<EXTRAORDINARY>                                      0                       0                       0                       0
<CHANGES>                                            0                       0                       0                       0
<NET-INCOME>                                     5,981                   6,576                   7,540                  16,927
<EPS-PRIMARY>                                      .17                     .19                     .21                     .49
<EPS-DILUTED>                                      .16                     .18                     .20                     .48