Bloomsbury has acquired academic publisher ABC-CLIO for $22.9 million (£17.3 million). ABC-CLIO will become part of Bloomsbury’s Academic and Professional division within Bloomsbury USA. In 2020, ABC-CLIO reported sales of $14.7 million (£11.5 million), and profit before tax of $1.2 million (£0.9 million). Outside of integration and acquisition costs, the company is expected to add £2.1 million in revenue and £0.3 million in profit before tax to Bloomsbury’s current fiscal year, which ends on February 28. “ABC-CLIO is a strong addition to Bloomsbury USA, our Academic and Professional division and Bloomsbury Digital Resources,” Bloomsbury ceo Nigel Newton said. “This acquisition […]
