UNIVERSITY OF TORONTO PRESS AND PIPPIN PUBLISHING: ACQUISITION ANNOUNCEMENT
March 21, 2014 - For Immediate Release
University of Toronto Press (“UTP”) to acquire all publishing lists from Pippin Publishing Corporation (“Pippin”).
UTP and Pippin announced today that the two companies have entered into an agreement for UTP to acquire the inventory and all contractual rights relating to the publishing lists of Pippin, a privately held company headquartered in Toronto, Ontario. The acquisition is subject to completion of satisfactory due diligence, UTP Director approval, and other customary closing conditions. It is expected to close within 60 days.
The acquisition of Pippin’s lists supports UTP’s strategy to expand its publishing of post-secondary educational texts. The addition of Pippin’s titles will extend UTP’s reach into the English-as-a-Second-Language marketplace. Pippin’s list focuses mainly on pedagogical texts, guides, and workbooks for the ESL market. UTP currently distributes Pippin in North America and makes its titles available directly through its Guidance Centre ecommerce site, www.utpguidancecentre.com.
“This is an exciting combination for our customers, authors, and employees. We are announcing today an expansion opportunity that we think is a good fit for our company,” said John Yates, President, Publisher, and CEO of University of Toronto Press. “The addition of the Pippin titles complements our list of Guidance Centre teaching guides and creates new publishing opportunities for UTP.”
“The shareholders of Pippin are delighted with the sale of its important collection of titles to a strong Canadian publisher,” said Jonathan Lovat Dickson, President and Editorial Director of Pippin Publishing Corporation. “We believe it represents an outstanding opportunity for the future of the list and its authors, since we are confident that UTP will continue to invest in our area of publishing, and that under UTP’s ownership the growth of the lists will accelerate in Canada, the United States, and overseas.”
UTP is the largest scholarly press in Canada and one of the most respected university presses in North America. Founded in 1901, UTP consists of a book publishing division, a journal publishing division, a book distribution service which provides book distribution services to more than 70 publishers, and bookstores on the three campuses of the University of Toronto. It publishes close to 200 scholarly books and undergraduate course books per year and more than 35 journals directed at an audience of scholars, students, and libraries. Its digital solutions division, P-Shift, provides a comprehensive solution designed by UTP for publishers who need e-publishing support related to editorial work, typesetting, digital asset management, and ebook distribution.
Pippin is an independent publisher with about 50 titles in print. It specializes in English-as-a-Second-Language publishing, including the bestselling Adding English: A Guide to Teaching in Multilingual Classrooms by Elizabeth Coelho. Pippin Publishing Corporation was incorporated in 1995.
University of Toronto Press – John Yates 416-978-2239 ex. 2222
Pippin Publishing Corporation – Jonathan Lovat Dickson 416-510-2918