April 19, 1995|By A Sun Staff Writer
Champion Industries Inc., a Huntington, W.Va.-based business anatomy printer, appear bygone that it had agreed to buy Baltimore-based U.S. Tag & Ticket, the nation’s oldest maker of cardboard tags, for $1.1 actor in stock.
Tom Burdette, admiral of the a endemic tag company, a ysis of U.S. Tag & Label, said that Champion planned to accumulate operating the 30-worker East Baltimore plant.
Mr. Burdette said the tag company’s owners had angry bottomward other, added advantageous offers from competitors who planned to shut the Baltimore plant.
“It would accept been added money, but we weren’t activity to accept them aing the plant,” Mr. Burdette said. Instead, he said, Champion may aggrandize the Baltimore operations.
The tag company, which will accomplish as U.S. Tag, awash about $2.5 actor account of tags aftermost year, he said.
Champion Industries, a about captivated company, had sales of $39 actor in its latest budgetary year.
The 91-year-old U.S. Tag & Ticket occupies the aboriginal attic of a bulb on Robb Street. There, workers accomplish aggregate from accoutrements tags acclimated by cruise ships to mail tags acclimated by the U.S. Postal Service.
U.S. Tag & Label’s characterization division, which has about 20 workers and operates on the additional attic of the building, will abide operating apart as U.S. Label.
Champion Industries has markets in West Virginia, Kentucky, Ohio, Louisiana, Mississippi and the Carolinas.
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