Cadmus Journal Services Inc. said yesterday it will put its headquarters in metropolitan Baltimore, keeping 300 jobs from the company's recently purchased Waverly Press printing operation in the area.
Cadmus Journal Services was formed by the purchase in September of Waverly Press by Cadmus Communications Corp. Richmond, Va. The parent considered moving the division's headquarters to Richmond or metropolitan Washington, where its Byrd Journal Division has operations.
The company said in September that it plans to merge Byrd into the new division.
John Garel, Cadmus Journal Services executive vice president,said the company does not plan to move Byrd's 400 Richmond-based employees to metropolitan Baltimore. Byrd employs another 80 in Springfield, Va.
But he said Cadmus Journal Services will hire a Baltimore-based corporate staff to take over human resources, information management and other functions that Waverly Press formerly received from Waverly Inc., which sold the company to Cadmus.
The company will open a corporate training facility and a customer service center that he said will generate thousands of business trips a year to the area, Mr. Garel said. Those centers will serve both Maryland and Virginia-based operations, he said.
But Mr. Garel said the most important part of the decision for Baltimore is that the area will get most future Cadmus Journal Services jobs.
The company said it is considering buildings in Baltimore and AnneArundel County as headquarters. It is expected to lease as much as 40,000 square feet of space, an amount that would place the deal among the dozen largest local office deals of 1993. Mr. Garel said he expects to choose a building within six to eight weeks.
Cadmus said 90 percent of the company's Baltimore-area employees will move to the new site, and the others will be relocated from Waverly Inc.'s Baltimore headquarters to other locations.
The 300 employees at Waverly Press' 200,000-square-foot printing plant in Easton, which Cadmus also acquired, will not be affected.
Cadmus announced in September that it had agreed to buy Waverly Press from Waverly Inc. for up to $20 million. Waverly Press is a printing company that accounted for about 20 percent of Waverly Inc.'s revenue.