Leaders of the Pack
“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.”