Castle Harlan closes sale of Baker & Taylor to Follett
Castle Harlan Inc, the New York private equity firm, said Castle Harlan Partners IV LP closed the sale of Baker & Taylor, the Charlotte, North Carolina, provider of print and digital books and other multimedia to libraries, institutions and retailers, to Follett Corp. Terms weren’t disclosed. Follett is the Westchester, Illinois, provider of education technology, services and print and digital content to pre-K and K-12 schools, districts, and college campuses. In a statement Castle Harlan said that with Baker & Taylor, Follett’s annual sales reach $3.6 billion. Eric Schwartz, managing director of Castle Harlan, called the sale of Baker & Taylor to Follett “the right strategic next step for the business, as the two companies complement each other well.”
