Star Label Co., a Spokane Valley label manufacturer, says retail giant Costco Wholesale Corp., of Issaquah, Wash., has given it a three-year contract to continue making labels for the chain's meat, bakery, and deli departments nationwide.
Diana Triesch, who owns Star Label with her husband, Bart Triesch, says the new contract will be worth between $9 million and $11 million to the Spokane Valley company.
Star Label has made labels for Costco for 22 years, she says. In recent years, Star Label has received two-year contracts to continue its work with Costco. The company earned $3 million in 2008 from its contract with Costco.
Star Label employs 12 people and is located at 10201 E. Buckeye, where it occupies 32,000 square feet of floor space in a building the couple owns there. The building was constructed in 1994. The company was established in Spokane in 1985.
Star Label beat out six other companies for the Costco contract, Diana Triesch says. "They put the bid out nationwide," she says.
The company likely would have had to "tighten its belt" if it had not landed the contract, Bart Triesch says. The company isn't going to need to hire any additional employees because of the contract.
The owners decline to say what portion of their sales the Costco contract will make up.
"It's a significant amount," Diana Triesch says.
Subscribe today to our free E-Newsletters!SUBSCRIBE