D&M Acquires New Society
June 06th, 2008
Vancouver, see Canada – June 3, remedy 2008: Douglas & McIntyre Publishing Group (D&M) is delighted to announce the acquisition of British Columbia-based New Society Publishers (NSP). The acquisition is the first since D&M's ownership change in May 2007, and according to D&M's new president, Mark Scott, it is the first of several new initiatives the company plans to announce.
Scott McIntyre, group chairman and CEO, commented: "This is a very special moment for all of us. The innovative and internationally successful NSP program is a perfect fit. It embodies those virtues-quality, a deep sense of mission, and shrewd market acumen-which have guided D&M over the past 37 years. The companies have much to teach each other, and together we will be stronger."
D&M is one of Canada's largest independent book publishers. The compatibility of D&M's Greystone Books imprint, which features an environmental list, and NSP will strengthen the company and provide increased opportunities in the domestic and foreign markets. In particular, NSP's leadership in the American market for books on the environment, where it earns 80% of its revenue, will help to increase the reach of Greystone Books in that market.
Rob Sanders, publisher of Greystone Books and the U.S. publisher for Douglas & McIntyre Publishing Group, leads the international rights program. He says, "The world is looking for practical information and solutions on issues of the environment. We're pleased to be offering NSP titles to our international publishing partners. Greystone Books' strong list of environmental books and our publishing association with the David Suzuki Foundation, together with NSP, make D&M one of the world's largest publishers of books about the environment."
D&M is fully committed to supporting the growth of NSP's superb publishing team, which will continue to be led by Judith Plant from the company's base on Gabriola Island. NSP will operate as a separate company with its own distinct identity, as a wholly-owned subsidiary of Douglas & McIntyre Publishing Group. "After many lonely years of swimming upstream to get people to pay attention to sustainability issues, we are now very pleased to be part of a larger group that has the potential to really improve our effectiveness," said Plant. "We struggled to build our readership during the 'turn-around' decade of the 90s, when nothing much turned around at all. Now, as the first decade of the new millennium nears its end, green issues are on everyone's agenda, and New Society finds itself to be a long-time leader in the field. With the added reach and strength from our new partnership, we are looking forward to increasing the scope and relevance of our publishing program so that we can continue to provide building blocks for the new society that has always been our deeply held mission."
Essay Date: June 3, 2008