Schindel said he thinks Antietam Paper, with about $20 million a year in sales, will become a division of Alling and Cory and will keep its name.
Alling and Cory, a larger company than Antietam Paper, will offer better benefits to its employees, Schindel said. He predicted the merger would bring additional jobs to the area, and said customers would have a much wider selection of products from which to choose.
Antietam Paper has about 60 local employees at its distribution facility at 1455 Oakmont Drive and another 18 at a warehouse in Staunton, Va., Schindel said.
Schindel said the company had about 15 employees when he bought it in 1976.
"It's been my life for the past 20 years," he said.
"Antietam has an excellent reputation with its customers and suppliers and we have every intent to build upon its strengths in the marketplace," Alling and Cory President Tom Hubbard said in the release.
"Alling and Cory has always been a respected competitor and we look forward to joining forces and merging the strengths of both companies," Schindel said.
Antietam Paper was founded in Funkstown in 1859 by John W. Stonebreaker. The company made paper until the Depression, after which it moved into distribution.
Schindel bought the company from the Stonebreaker family in July 1976.
Schindel said he will remain with the company in a consulting capacity and his son, Antietam President Rusty Schindel, will continue to run day-to-day operations.
Giving up control of the company wasn't an easy decision, Schindel said.
"It's tough. I've kind of built the company, the employees and I, from a very small company to what it is today," he said.
Antietam Paper distributes fine printing and writing papers, industrial supplies and janitorial maintenance supplies.
Alling and Cory has a network of 15 warehouses and 21 paper shops, Hubbard said.