School Specialty to buy McGraw-Hill publishing business.School Specialty, Inc. (SSI (1) See server-side include and single-system image. (2) (Small-Scale Integration) Less than 100 transistors on a chip. See MSI, LSI, VLSI and ULSI. 1. (electronics) SSI - small scale integration. 2. ; Greenville Greenville. 1 City (1990 pop. 45,226), seat of Washington co., W Miss., on Lake Ferguson, a deepwater harbor adjoining the Mississippi River; inc. 1886. , WI), a direct marketer of supplemental educational resources to schools and teachers for pre-K through grade 12, has signed a definitive agreement to acquire McGraw-Hill The McGraw-Hill Companies, Inc., (NYSE: MHP) is a publicly traded corporation headquartered in Rockefeller Center in New York City. Its primary areas of business are education, publishing, broadcasting, and financial and business services. Education's (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ) juvenile retail publishing businesses. No terms of the deal were given. The businesses to be acquired by SSI develop, produce, market and distribute supplemental education materials for pre-K through grade 8, including literature, workbooks and teachers' guides, educational games and manipulatives. In addition, the businesses own coprights to over 5000 titles published under the imprints Instructional Fair, Frank Schaffer Frank Schaffer (born October 23, 1958 in Eisenhüttenstadt) is a retired East German athlete who specialized in the 400 metres. He won the bronze medal in the 400 metres at the 1980 Summer Olympics in a lifetime best time of 44.87 seconds. , Judy Instructo and Spectrum. Based in Columbus (OH), the acquired operations employ 260 people and have annual revenues of between $60-65 million. McGraw-Hill said the sale is part of its strategy to "direct resources where we can continue to build the size and scale necessary for market leadership and significant financial growth." SSI said that the distribution channels acquired, including teacher stores, bookstores and warehouse clubs, provide "promising market expansion opportunities for our current proprietary product offerings." Separately, SSI has acquired all the stock of Califone International, Inc. (Chatsworth, CA), a developer of sound presentation systems for schools and industry. Califone has annual revenues of about $16 million. |
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