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Baker & Taylor Announces Strategic Partnership with Bookmasters, Inc.
Jul 10, 2013 (01:07 PM EDT)
CHARLOTTE, N.C. and ASHLAND, Ohio, July 10, 2013 /PRNewswire/ -- Baker & Taylor, the world's largest distributor of digital and physical books and entertainment products, announced today that it has entered into a strategic partnership with Bookmasters, Inc., a provider of publisher services. This partnership will expand Baker & Taylor's portfolio of value-added services to include the full suite of high quality services Bookmasters currently offers, including:
"Baker & Taylor is excited to offer our publishing partners the unique benefits and value of Bookmasters' suite of services. The book industry is going through periods of unprecedented change with the migration to digital. We see remarkable opportunities for the entire publishing supply chain to reduce costs while improving service levels to customers," said David Cully, President of Retail Markets and Executive Vice President of Merchandising for Baker & Taylor.
Bookmasters will work closely with the Baker & Taylor leadership team to leverage Baker &Taylor's substantial relationships with domestic and international publishers. "We look forward to working with Baker & Taylor to build value and to become a leader in the publisher services industry," said Dave Wurster, Chief Executive Officer of Bookmasters.
Baker & Taylor and Bookmasters are independently owned by investment funds controlled by Castle Harlan, Inc., a New York-based private equity firm. The two companies will operate under a commercial agreement to capitalize on their complementary strengths.
About Baker & Taylor
About Castle Harlan
Castle Harlan's current portfolio of companies includes Shelf Drilling Holdings Ltd, a leading provider of shallow-water drilling services in Asia, Africa and the Middle East; Pretium Packaging LLC, one of the country's leading manufacturers of custom-designed specialty plastic containers for the food, pharmaceutical, personal-care and household markets; and Baker & Taylor, the world's largest distributor of books and entertainment products to libraries and retailers.
For more information, visit www.castleharlan.com.
SOURCE Baker & Taylor