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HBP acquires graphics communications company Balmar

Move to increase work force by about 20 jobs

September 08, 2010|By HEATHER KEELS

HBP Inc., a Hagerstown printing and communications company, is buying a Falls Church, Va., company that will roughly double HBP's size and bring about 20 new jobs to Hagerstown, HBP President John W. Snyder said Wednesday.

HBP finalized a letter of intent last week to buy Balmar Inc., a graphic communications company with offices in Falls Church, Va., and Gaithersburg, Md., Snyder said. Officials hope to close the transaction early next week, he said.

Balmar will be a wholly owned subsidiary of HBP, according to a statement on the HBP website. Both companies will continue to operate under their own names, but will share resources, the statement said.

Snyder said in a phone interview Wednesday that to "rationalize the production" between the HBP and Balmar, HBP expected to increase its Hagerstown work force by about 20 people, some of whom would be transferred from the Balmer offices.

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Snyder said the acquisition would mean added benefits for HBP customers, including access to high-quality digital color printing and faster turnaround times from Balmar's large digital operation in Falls Church.

In addition, HBP customers in the Washington area will not have to travel as far to conduct press inspections or checks of print quality, which they will be able to do at the metro-area plants, Snyder said.

HBP was formed in 1903 as Hagerstown Bookbinding & Printing and produced stationery, notices, posters and other materials, according to the company website.

Today, the company offers not only printing but a variety of graphic, communications and marketing services.

Balmar specializes in commercial, digital and web-to-print solutions, according to its website.

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