Sleeping Bear Press continues sell-off of assets.Sleeping Bear Press (Chelsea, MI) continues the divestitutre of its publishing divisions with the sale of its Childrens's Division to Gale Group See Thomson Gale. (Farmington Hills Far·ming·ton Hills A city of southeast Michigan, an industrial suburb of Detroit. Population: 81,400. , MI) and its inventory of golf, sports and regional books to a new company, Clock Tower Press (Chelsea, MI). No terms for either deal were given. The Children's Division produces illustrated books for children in grades K-6. The product line is currently sold through retail channels but Gale said it will "grow its product line in the trade market with products that can also be sold into school and public libraries." Related Gale units include Greenhaven Press, Blackbirch Press and KidHaven Press. Clock Tower Press acquires approximately 100 book titles with 75 new titles in development. The new company said it projects first year sales at around $2 million. Earlier this year, Sleeping Bear sold its Ann Arbor Ann Arbor, city (1990 pop. 109,592), seat of Washtenaw co., S Mich., on the Huron River; inc. 1851. It is a research and educational center, with a large number of government and industrial research and development firms, many in high-technology fields such as Press imprint to John Wiley John Wiley may refer to:
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 ), including 50 titles in turfgrass management and golf course design. Revenues for those titles for the year ending May 31 were more than $1 million. |
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