Sweetheart Cup Co. Inc. will complete the consolidation of its corporate offices late this year and early next year. The move will transfer administrative offices in Chicago to Owings Mills, Md. Sweetheart Cup has its largest production plant in Owings Mills. Recently, the administrative responsibilities have been split between the two cities. Now the accounting, human resource, finance, treasury, legal and strategic planning departments that were based in Chicago will join the technical aspects of manufacturing, research and engineering at Owings Mills.
Sweetheart's second-largest plant is in Chicago. Its production and employment of its 1,100 workers will not be affected by the move. However, according to spokesman Gerald Murray, 80 administrative jobs will be relocated and those people will be given the option to transfer. He also said the company expects the executives to move with the assistants and clerical workers making up their own minds.
``After much consideration and planning, we are convinced that this consolidation will result in administrative efficiencies in line with our program to enhance the company's performance,'' said President William McLaughlin.
Sweetheart Cup has received a $1.2 million loan/grant from the Maryland Department of Busi-ness and Economic Development. The funds will come from a combination of the Maryland Sunny Day Fund and Baltimore County resources. Initially, it will be of-fered as a loan over 10 years, but will change to a grant if the company meets certain provisions.
``It's frosting on the cake; it's nice for relationships with Mary-land and may have hurried along our announcement,'' Murray said when asked how much the loan/grant affected the move.
The provisions include retaining the 2,000 existing jobs at the Owings Mills facility as well as adding 50 new positions during 1996 and 1997. And in addition to installing a new printing press, Sweetheart must invest a minimum of $30 million in the Owings Mills plant and equipment.
Sweetheart officials declined to reveal the number of machines in operation at either the Owings Mills or Chicago plants.
Sweetheart Cup was founded in 1911 and headquartered in Baltimore in 1919. In 1983, it was acquired by Fort Howard Paper Co. and moved its main office to Chicago in 1989. American Industrial Partners Capital Fund L.P. acquired Sweetheart in 1993 from Morgan Stanley Group, which had acquired it from Fort Howard. Sweetheart also has plants in Atlanta, Springfield, Mo., and Dallas.
Sweetheart supplies companies such as McDonald's, Wendy's International and Taco Bell with injection molded and thermoformed polystyrene products. These include disposable cups, plates, cutlery and straws. Sweet-heart also produces containers for the dairy and food industries and claims to be the leading U.S. supplier of ice cream cones.