Classic Deal: Belk Printing Acquired

While Pitts did not reveal financial terms of the transaction, projections for 2011 indicate a 20 percent growth in sales as a result of the acquisition. Sales figures for 2010 topped out at nearly $40 million; he expects sales for 2011 to reach close to $50 million.

Ralph Belk Jr., president and co-owner of Belk Printing Technologies, echoed Pitts' enthusiasm. "When my father started Belk Printing in Charlotte in 1968, he began a tradition of craftsmanship and dedication to customer satisfaction that we have constantly sought to uphold."