T&F buys to expand in the US

<p>Taylor &amp; Francis Group has acquired two US publishers, Productivity Press and Haworth Press, for undisclosed sums.</p><p>The deal for Productivity was finalised last week and the Haworth acquisition is expected to go through in about a month pending regulatory approval.</p><p>Roger Horton, T&amp;F c.e.o., said: &quot;These are both bolt-on niche businesses that will integrate very well into the business. We are not in the position of just acquiring to acquire. I am looking for business that add to our core strategy.&quot;</p><p>Haworth, headquartered in Binghampton, New York State, has a turnover of around $20m a year and publishes about 200 journals and 150 books a year, mainly in the humanities, library studies and social sciences. New York City-based Productivity specialises in business books aimed at improving company performance. It releases about 10-20 titles a year.</p><p>Haworth publisher and editor in chief Bill Cohen said that Haworth has joined T&amp;F&nbsp; in order to compete with major publishers and increase the company&#39;s access to libraries through consortia deals. Cohen added: &quot;In order to grow, Haworth needed a consistently creative internet platform that could compete successfully with other platforms of major houses. Informaworld at Taylor &amp; Francis was most attractive in this sense. It is a resplendent hosting service, interweaving core journals along with eBooks, abstract databases, and reference works of historic importance. The stability of a prodigious international publishing house also adds an important dimension in regard to digital permanency.&quot;</p><p>Cohen will remain at Haworth as a specialist editor and publisher. Haworth&#39;s trade fiction imprint, Harrington Park Press, is not included in the deal and will be divested separately.</p><p>Productivity Press would not reveal any details about the company or the impact of the deal.</p><p>The moves are part of T&amp;F&#39;s and parent Informa&#39;s strategy to increase its US presence. In October last year it acquired the US academic behavioural sciences publisher Lawrence Erlbaum Associates for a rumoured $70m.</p>