B&T Owner Buys Bookmasters
By Judith Rosen, Publishers Weekly –
It’s not just publishers that are consolidating. While Penguin and Random House were completing their merger, Baker & Taylor’s majority owner, the private equity firm Castle Harlan Partners IV, L.P., was finalizing a transaction of its own. Late last week it purchased 41-year-old Bookmasters in Ashland, Ohio. Baker & Taylor and Bookmasters now have a contractual commercial relationship that will enable Baker & Taylor to offer many of the same publisher services as its largest competitor Ingram Content Group….