Memphis, Tennessee-based Premium Guard, Inc. has announced it has a $25 million agreement to purchase the property and other assets of Champion Laboratories, located in Albion in Edwards County in southeastern Illinois.
The deal comes after Champion closed its door abruptly in late February of 2026, following the bankruptcy of parent company First Brands Group. That move resulted in hundreds of local factory workers from throughout the area losing their jobs.
The acquisition is subject to bankruptcy court approval. The future fate of the Albion location is still unknown at this stage of the transaction. It was one of 17 facilities owned by First Brands across the U.S. to close with over 4,000 jobs lost nationwide.
St. Francisville City Council approves street and alley work
LCMH moving to new medical records system
Freelandville Methodist Church receives grant from native of the community
Indiana Gov. Mike Braun declares gas tax holiday
School threat investigated in White County
Road closure announced for bridge project in Lawrence County
Lady Indians drop home encounter with Fairfield
Fritchton Agronomy Center among investments for Keystone Cooperative
Crawford and Richland Counties receive state economic funding
VU announces transition for WVUT-TV
Unit #20 Board to hold special session
ISP conduct alcohol enforcement action in Wabash County
Sumner street project to begin soon
Local couple arrested by Lawrenceville Police
Flags ordered to half-staff for Captain Seth Koval
Illinois DMV text scams continue in Lawrence and surrounding counties
