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According to Fry, the two acquisitions—Cordage, Cincinnati and Transdata Systems, Baton Rouge, La.—were specifically purchased to heighten Champion's customer relations and supply chain management systems.
Despite possessing the cash reserves to remain acquisition-minded this past year, Champion moved to close plants in both Ohio and South Carolina to minimize its overhead. Subsequent to the acquisition of Cordage, Champion liquidated the division through a strategic alliance with a third party and then allied itself with printing supplies distributor Xpedx, Livonia, Mich.
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