Some very exciting news has filtered through today - as Osprey Group (or in other words, Osprey Publishing and our sister publishers Shire, Old House and British Wildlife Publishing) have been bought by Bloomsbury. Full press release details below...
Bloomsbury Publishing Plc
Acquisition of Osprey Publishing Limited
We announced to the City today that we have acquired Osprey Publishing.The lists, a perfect fit for Bloomsbury, provide an excellent partnership between the two companies. Osprey has a high author and reader involvement and true global sales reach, which complements Bloomsbury’s ongoing direct to consumer strategy in the special interest markets.
Osprey has three main lists covering military history, natural history, andheritage publishing, including Old House and Shire. All of which are strategically important to our special interest publishing. Each list is a leader in its field with a loyal readership and strong editorial roots.
The business is based in Oxford and publishes more than 200 titles per year with annual revenues of £7 million, of which, over 50 per cent is generated outside the UK, principally in the US.
Richard Charkin Executive Director at Bloomsbury says:
“Osprey is an ideal fit for our strategy of publishing for well-defined special interest markets. We look forward to working with our new colleagues in Oxford to build on this highly successful business in USA, UK and throughout the world. “
Distribution in the UK remains with Grantham Book Services and in the US remains with Penguin Random House Inc.
Further details of this acquisition can be found on our website at www.bloomsbury-ir.co.uk