Champion sells NC printing subsidiary - WBOY.com: Clarksburg, Morgantown: News, Sports, Weather

Champion sells NC printing subsidiary

Posted: Updated:
  • Local NewsMore>>

  • 13 County Coalitions Come Together To Prevent Substance Abuse

    13 County Coalitions Come Together To Prevent Substance Abuse

    Wednesday, April 23 2014 12:00 AM EDT2014-04-23 04:00:20 GMT
    It was all about celebrating recovery at the Clarksburg Baptist Church Tuesday evening .Coalition programs from thirteen different counties came together with some local officials to talk about the importance of preventing substance abuse.
    It was all about celebrating recovery at the Clarksburg Baptist Church Tuesday evening .Coalition programs from thirteen different counties came together with some local officials to talk about the importance of preventing substance abuse.
  • Volunteers Spruce Up Bridgeport Lakes With 'Community Clean Up Day'

    Volunteers Spruce Up Bridgeport Lakes With 'Community Clean Up Day'

    Tuesday, April 22 2014 11:35 PM EDT2014-04-23 03:35:46 GMT
    Tuesday turned out to be a beautiful evening for dozens of Bridgeport residents, who came out in support of Earth Day to spruce up Hinkle and Deegan Lakes.
    Tuesday turned out to be a beautiful evening for dozens of Bridgeport residents, who came out in support of Earth Day to spruce up Hinkle and Deegan Lakes.
  • Senator Rockefeller and Ted Koppel Host a Fireside Chat at WV Wesleyan

    Senator Rockefeller and Ted Koppel Host a Fireside Chat at WV Wesleyan

    Tuesday, April 22 2014 6:40 PM EDT2014-04-22 22:40:43 GMT
    It was a celebratory day at West Virginia Wesleyan College as Senator Jay Rockefeller returned to campus for the first time in nearly eight years in an event with journalist Ted Koppel. 
    It was a celebratory day at West Virginia Wesleyan College as Senator Jay Rockefeller returned to campus for the first time in nearly eight years in an event with journalist Ted Koppel. 

Huntington-based Champion Industries has sold its wholly owned subsidiary Blue Ridge Printing Co., headquartered in Asheville, N.C., for about $1 million.

The buyer was BRP Co. Among BRP's investors are current division manager Bruce Fowler and the son of Champion director Glenn W. Wilcox, who is a former president of Blue Ridge Printing. According to a document filed with the Securities and Exchange Commission on June 26, Champion's investment advisor conducted a nationwide marketing process for Blue Ridge Printing, but it yielded no comparable offers.

The sale price was $1,013,000, or $942,403 net of selling commissions and pro-rated taxes. The transaction is subject to a net liquidity adjustment to occur no later than 45 days from closing.