In advance of its half-year results releasing tomorrow, Quarto announced that it has acquired Bellevue, WA-based publisher becker&meyer! from the McEvoy Group for an initial $9.8 million. The acquisition price may also increase due to a working capital adjustment payment capped at $1m and further deferred contingent consideration of up to $1.25 million, dependent on the performance of becker& meyer’s SmartLabs toy division business in 2018 and 2019. Quarto stated that the acquisition will increase its children’s publishing revenues by more than 30 percent and will bump up Quarto’s US revenue to 45 percent of the company’s overall sales. becker&mayer reported […]
