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Premier Packaging Corporation has 32 employees and operates from a 40,000 square foot plant located in Victor, N.Y., is approximately 17 miles from the DSS headquarters and has been serving a diverse customer base for more than 20 years. In 2009, Premier reported $6.9 million in sales and approximately $530,000 in profit. The company expects that savings from redundant printing and binding costs, along with additional cost savings, will result in at least an additional $400,000 per year of net profit from the acquisition, and that the acquisition of Premier will be accretive to combined earnings of the company in 2010.
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