HUNTINGTON, W.Va., Oct. 10 - Champion Industries, Inc., today announced it has purchased all the stock of Transdata Systems, Inc. of Baton Rouge and New Orleans, Louisiana. Champion paid an undisclosed amount of cash in the transaction. Transdata will be operated as a subsidiary of Bourque Printing, Inc. of Baton Rouge, Louisiana.
Champion Industries' Chairman and Chief Executive Officer Marshall T. Reynolds called the acquisition of Transdata "a key strategic maneuver in further positioning Champion as a leading printer in the South Louisiana market. I am excited about the critical mass that Transdata will bring to our existing plants in southern Louisiana and look forward to the growth prospects this acquisition brings to Champion.''
Transdata Systems, Inc. President, Kenneth Poche' said joining forces with Champion Industries "creates an opportunity to capture synergies of two longstanding organizations with an emphasis on customer service. The combination will give our customers a broader line of products and coupled with Champion's manufacturing capabilities will accrue significant benefits to our customer base.''
Kirby J. Taylor, President and Chief Operating Officer of Champion, called the move one of those situations which is good for everyone. "I am looking forward to working with the Transdata team. They have a great reputation in Southern Louisiana. Our South Louisiana management team is excited about getting started on the integration and working with Ken Poche' and his staff,'' Taylor said.
Champion Industries, whose stock is traded on the Nasdaq under the symbol CHMP, had sales of more than $126 million in its most recent fiscal year, which ended October 31, 2000.Transdata Systems, Inc. sales are approximately $5 million per year.
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