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December 1-15, 2003 Edition Rowman & Littlefield
Completes Plymbridge Buy
LONDON/11/24/03Rowman & Littlefield has now completed acquisition of bankrupt U.K. distributor Plymbridge after a delay involving debt assumption. Rowman will not assume any debt from the previous owner, so those owned money must work out a deal with administrator Alan Tomlinson. R&L hopes to arrange new distribution agreements with most of Plymbridge’s 120 customers and to take on new customers as well.
Rowman & Littlefield COO Irv Myers assured customers that the long-term outlook for Plymbridge is good and that the company is stable, despite the bankruptcy.