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CHAMPION INDUSTRIES COMPLETES ACQUISITION OF DALLAS PRINTING

 HUNTINGTON, W.Va., Sept. 30 /PRNewswire/ -- Champion Industries, Inc. (NASDAQ: CHMP) today announced that it has completed the purchase of Dallas Printing Co., Inc. of Jackson, Miss.
 Dallas thus becomes a wholly owned subsidiary. Champion exchanged $1,040,000 in cash and 18,248 shares of its NASDAQ-listed common stock for 100 percent of the shares of Dallas.
 When the agreement in principle was announced last week, Marshall T. Reynolds, chairman of Champion, said this fourth acquisition in as many months "provides us with an outstanding opportunity to enter a particularly significant new market." He pointed out that Jackson, capitol city of Mississippi, is a government, financial, insurance and food processing center. "Now we're right in the core of the big apple of the state of Mississippi, where we fully expect Dallas to become the number one printer, just as Champion divisions are in our home markets," he said.
 In June, Champion purchased Bourque Printing, Inc. of Baton Rouge, La. Then, in July, the company acquired Garrison Brewer, an office products firm in Marietta, Ohio, which was followed in September by the purchase of Strother Forms/Printing, a Baton Rouge business form printer.
 Champion, which completed its initial public offering of NASDAQ listed common stock on Jan. 28, 1993, had sales of over $27 million in its most recent fiscal year. Dallas revenues have approximated $1.3 million per year.
 Champion Industries is a major commercial printer, business form manufacturer and supplier of office products, furniture and design services. With the Dallas acquisition, Champion adds Mississippi to its growing list of regional markets, including West Virginia, eastern and central Kentucky, southern Ohio and Louisiana. The company is headquartered in Huntington.
 -0- 9/30/93
 /CONTACT: Joseph C. Worth, chief financial officer, of Champion Industries, 304-528-2791, or at home, 304-525-6771/
 (CHMP)


CO: Champion Industries, Inc.; Dallas Printing Co., Inc. ST: West Virginia, Mississippi IN:
SU TNM


CD -- PG011 -- 7249 09/30/93 11:45 EDT
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Publication:PR Newswire
Date:Sep 30, 1993
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