HBP Inc. Obtains Virginia Printer Balmar

HAGERSTOWN, MD—HBP Inc. has signed a letter of intent to purchase Balmar Inc. of Falls Church, VA. Terms of the deal were not revealed. Under the agreement, Balmar—ranked 179th on the 2009 PI 400 with $28.5 million in annual sales—will become a wholly-owned subsidiary of HBP (#266 on the PI 400, $19.5 million in sales).