T&F pays £60m for CRC Press

<p>Taylor&amp;Francis has paid &#163;60m to Information Holdings Inc to acquire CRC Press, the US-based science, engineering and medicine publisher. CRC, which publishes about 350 new books a year and 32 journals, made sales of &#163;32.7m in 2002, with profit before tax of &#163;4.3m. It has integrated Parthenon Publishing, which it acquired in 2001, and now employs about 250 people at locations in Florida, New York, and Washington. It also has UK offices in London and Lancaster.</p><p>T&F said that the acquisition would strengthen its position in the US market and enhance its "hard scienc...

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