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

Champion sells NC printing subsidiary

Posted: Updated:
  • Local NewsMore>>

  • North Central WV Weekend Outlook for April 18-20

    North Central WV Weekend Outlook for April 18-20

    Friday, April 18 2014 4:00 AM EDT2014-04-18 08:00:12 GMT
    With it being a holiday weekend, there's not much in the way of fairs or festivals scheduled, but there's still plenty to do around north central West Virginia. Saturday: Stonewall Resort, in Lewis County,
    With it being a holiday weekend, there's not much in the way of fairs or festivals scheduled, but there's still plenty to do around north central West Virginia. Saturday: Stonewall Resort, in Lewis County,
  • Try-Again Homes to Host Open House April 25th

    Try-Again Homes to Host Open House April 25th

    Friday, April 18 2014 12:12 AM EDT2014-04-18 04:12:24 GMT
    Try-Again Homes will hold an open house on Friday, April 25th, to educate potential foster parents, and encourage people to open their homes to foster children.According to Try-Again Homes, in the United
    Try-Again Homes will hold an open house on Friday, April 25th, to educate potential foster parents, and encourage people to open their homes to foster children.According to Try-Again Homes, in the United
  • The City Of Clarksburg Acquires A Historic Theater

    The City Of Clarksburg Acquires A Historic Theater

    Friday, April 18 2014 12:11 AM EDT2014-04-18 04:11:23 GMT
    The Robinson Grand TheaterThe Robinson Grand Theater
    Clarksburg City Council approved a second reading of the ordinance to acquire the Rose Garden Theater, Thursday night.
    Clarksburg City Council met Thursday night to discuss ‘The Robinson Grand Theater', also known as the ‘Rose Garden Theater', that the city plans to acquire. 

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.