Two-Can snapped up by US publisher
Children's reference publisher Two-Can is to be acquired by Minnesota-based Creative Publishing International in an assets-only deal.
The sale was steered by David Smith, who as Egmont finance director oversaw Egmont's acquisition of Reed Children's Books in 1998.
CPI is a worldwide publisher of how-to books, with a nature, photography and wildlife list for adults and children under its NorthWord imprint. It will assume all of Two-Can's publishing properties, covering a list of 250 titles for three to 13-year-olds, and rebuild the publisher's UK operation.
CPI was attracted by Two-Can's multilingual strength. David Green, finance director of Two-Can's parent Zenith, said: "An organisation like CPI would make an ideal home for Two-Can." Two-Can was put up for sale in June (The Bookseller, 21st June).
Michael Eleftheriou, CPI president and c.e.o., said: "This acquisition is consistent with our objective to expand our juvenile line."
The sale was steered by David Smith, who as Egmont finance director oversaw Egmont's acquisition of Reed Children's Books in 1998.
CPI is a worldwide publisher of how-to books, with a nature, photography and wildlife list for adults and children under its NorthWord imprint. It will assume all of Two-Can's publishing properties, covering a list of 250 titles for three to 13-year-olds, and rebuild the publisher's UK operation.
CPI was attracted by Two-Can's multilingual strength. David Green, finance director of Two-Can's parent Zenith, said: "An organisation like CPI would make an ideal home for Two-Can." Two-Can was put up for sale in June (The Bookseller, 21st June).
Michael Eleftheriou, CPI president and c.e.o., said: "This acquisition is consistent with our objective to expand our juvenile line."
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