HBP and Balmar Printing Join Forces
HAGERSTOWN, MD—September 7, 2010—HBP Inc., a communications and print provider, announced it has acquired Balmar Printing in Falls Church, VA. Balmar (PI400: #179, $28.5 million in sales) will be a wholly owned subsidiary of HBP Inc. (PI400: #266, $19.5 million in sales).
HBP, in business for over 100 years, provides communication tools through a wide array of integrated technology solutions, printing services and customized fulfillment operations. Balmar brings its 50 years of complementary services, solutions and exemplary team to HBP. Management of both organizations realize that the landscape is changing and customers need a wide variety of solutions and services.
John Snyder, President of HBP commented: “As the requirements of the marketplace evolve and change, our industry must continue to reinvent and reposition itself. You have to be nimble and ready to react swiftly. Both HBP and Balmar recognize that customers need completely customized and integrated solutions to help increase ROI, streamline processes and manage their data. Together, we are ready to support them.”
Jim Morgan, President of Balmar added: “The opportunities we can provide our clients based on our combined service offering will take us to a new level. We know our customers will now have access to even more solutions and support.” Morgan will continue to work out of the Falls Church location as the President of Balmar.
HBP and Balmar’s combined resources will help reinforce and manage their customer’s brands through a robust product and service offering. This union will create one of the largest independently owned printers in the mid-Atlantic area.
Source: Company press release.