Preserving Profitability in a Challenging Ecomony
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"Champion's strategy is two-pronged," Taylor said. "Yes, one prong is to continue its aggressive practice of acquiring companies. The second prong is to continue its strategy of reducing costs, including consolidating operations and closing manufacturing plants."
The summer of 2003 was a busy time for Champion Industries. On June 18, it purchased certain assets of Wheeling, West Virginia-based Contract Business Interiors; on July 1, it secured assets and the customer list from Pittsburgh-based Integrated Marketing Solutions; and on September 18, it purchased assets and the customer list from Cox Printing, Lexington, Ky.
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