Leaders of the Pack
Operating in four business segments—Forms Solutions Group, Promotional Solutions Group, Financial Solutions Group and Apparel Solutions Group—Ennis is on track for a repeat performance in next year’s ranking.
Champion Industries Forges Ahead Despite Uncertain Economy
Ranked third last year, Champion Industries, Huntington, W. Va., grew its sales an additional $10 million to place second in the current ranking.
While commercial printing accounts for 40 percent of the company’s $135 million in sales, the various divisions that comprise Champion Industries together offer a full range of products, including forms, cut sheets, tags and a wide variety of web printing.
“Champion Industries is committed to providing a complete line of printing services in order to meet all aspects of the customer’s needs,” said President Toney Adkins. “We are continuing to enhance these lines with ancillary services, such as print-on-demand, mailing services and fulfillment.”
Strategic mergers and acquisitions over the years have helped Champion Industries remain a consistent top producer. The enterprise consists of 14 divisions: Blue Ridge Printing Company; Carolina Cut Sheets; The Chapman Printing Company; Consolidated Graphic Communications; Consolidated Graphics; Champion Graphic Communications; Donihe Graphics; Interform Solutions; The Merten Company; US Tag & Ticket; Stationers Inc.; Capitol Business Interiors; Champion-Clarksburg; and Smith & Butterfield.
“Potential acquisitions are always being examined,” Adkins commented. “Although there is no specific acquisition planned at this time, we continue to look for companies that will fit into the corporate profile and footprint, both geographically and strategically.”
Despite its obvious success, Champion Industries, like most companies in today’s marketplace, is being challenged by rising operating costs. Adkins and Champion Industries CEO, Marshall Reynolds, feel the increasing cost of employee benefits is probably the largest problem facing business owners. “The employee benefit package, including health insurance, 401K, social security, worker compensation, federal and state unemployment taxes and normal vacation and holiday pay, are far too expensive,” said Reynolds. “It’s getting harder and harder for printers to keep up with the expenses of employee benefit packages.”
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