MAIN NEWS HEADLINES
April 1-15, 2004 Edition
Millbrook Press to Sell
Roaring Brook Press
to Holtzbrinck PublishersBROOKFIELD, CT/04/02/04The Millbrook Press, Inc. has reached an agreement to sell its Roaring Brook Press imprint. The proposed purchaser is Holtzbrinck Publishers, a group of companies that includes Henry Holt and Company, Farrar, Straus and Giroux, and St. Martin’s Press.
As a chapter 11 debtor in bankruptcy, The Millbrook Press must obtain approval of the proposed sale from a bankruptcy court. In addition, other companies that may wish to purchase Roaring Brook will be given an opportunity to participate in an auction. If no other potential purchaser emerges at auction and the agreement with Holtzbrinck is approved, the company anticipates that the sale will be made final in late April.
It is Holtzbrinck’s intention to establish Roaring Brook as a division of Holtzbrinck Publishers and to retain Roaring Brook’s existing publishing, editorial and marketing staff and organization. As such, Roaring Brook will continue to operate from offices in Connecticut. Roaring Brook management will report to the President and Publisher of Henry Holt and Company, and the division will be closely affiliated with Holt. For production, sales, distribution, and other support services, Roaring Brook will draw on the resources of Henry Holt in particular and Holtzbrinck more generally.