US distribution company ReaderLink has acquired Baker & Taylor Publishing Group and Baker & Taylor Marketing Services US.
This is the second deal Baker & Taylor has done in recent days – it has previously announced the sale of its YBP Library Services to EBSCO Publishing.
Baker & Taylor Marketing Services distributes books to wholesale membership clubs, while Baker & Taylor Publishing publishes books under three imprints – Silver Dolphin Books, Thunder Bay Press and Portable Press.
Readerlink Distribution Services is the largest full-service book distributor of hardcover, trade and paperback books to non-trade booksellers in North America.
Its purchase of Baker & Taylor Marketing Services includes the company’s distribution centre in Indianapolis, general offices in San Diego and editorial offices in Ashland, Oregon. The acquisition does not include businesses in the UK or Mexico.
George Coe, c.e.o. of Baker & Taylor, said: “These transactions allow Baker & Taylor to focus on our core business and new opportunities within those businesses and markets.
“We are now better able to invest in innovative solutions, services and technologies that help our company maintain leadership in markets, specifically public library, K-12 classroom and school libraries, and retail booksellers.”
Publishers Weekly reported that ReaderLink plans to rebrand Baker & Taylor Publishing Group as Printers Row Publishing Group, and the marketing arm as ReaderLink Marketing Services.
ReaderLink plans no office, distribution or operational changes. Sydney Stanley, executive v.p. and general manager, will continue to lead the newly acquired Baker & Taylor businesses, reporting to Michael Hesselbach, executive v.p. and chief marketing officer of ReaderLink.
Tyler Meinerding, director of operations, will continue to oversee Baker & Taylor’s Indianapolis distribution centre, and will report to James Shriver, Readerlink’s v.p. of operations.
Terms of the deal have not been disclosed.