Haights Cross completes one deal, suspends another
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- July
- 1
Haights Cross Communications Inc. of White Plains said it closed on the sale of its Oakstone Publishing business to private equity firm Boston Ventures. The terms of the deal were not released.
The company also said it has put off plans to sell its test-preparation business, Triumph Learning, and its audiobook publishing business, Recorded Books.
Paul J. Crecca, the president and chief executive of Haights Cross, said the company made the decision because of conditions in the capital markets.
“With these factors, and considering the timeframe in which sale transactions could be completed, the HCC board of directors has concluded that the company should suspend the sale efforts for Triumph Learning and Recorded Books,†Crecca said in a statement released by the company.
Haights cross publishes educational materials for libraries and schools.
This entry was posted
on Tuesday, July 1st, 2008 at 2:13 pm by Allan Drury.
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