NEW YORK, Dec. 20, 2019 /PRNewswire/ -- Scholastic
Corporation (NASDAQ:SCHL), the global children's publishing,
education and media company, announced today that its wholly-owned
subsidiary Scholastic Book Fairs, Inc. has completed the
acquisition of the assets of Pomona,
California-based Mrs. Nelson's Book Fairs, Inc. ("Mrs.
Nelson's"), pursuant to the terms and conditions of a Purchase and
Sale Agreement dated October 25,
2019. Financial terms of the transaction are undisclosed.
"We could not be more pleased to include the Mrs. Nelson's brand
of premium school book fairs with Scholastic's comprehensive fair
offerings as we continue as the unrivaled leader in the field
supplying over 115,000 book fairs annually," said Alan Boyko, President, Scholastic Book Fairs,
Inc. "For over three decades, Judy and
Byron Nelson have delivered on their promise to schools with
high quality fairs, great selection and white glove service and we
are proud to carry on that tradition. Combined with our own
commitment to schools, teachers, parents and students, this
acquisition will reflect the best that each legacy firm has to
offer, providing our customers expanded options for an outstanding
book fair experience with the best books and stories, rewards with
Scholastic Dollars™, eWallet and on-line shopping
options, and a dedicated book fairs expert to provide support every
step of the way.
Mr. Boyko continued, "Scholastic welcomes the continued
collaboration of Laura Nelson and
the rest of Mrs. Nelson's book fair employees as we look to retain
and expand the Mrs. Nelson's distinct brand of book fairs to engage
and inspire even more children throughout the Southern California region."
"We are so proud of what we have accomplished over the years,
helping schools succeed and encouraging the love of reading among
children," said Judy Nelson,
President and founder of Mrs. Nelson's Book Fair Company. "As we
turn the page on this chapter in our lives, we are comforted to
know that our legacy will continue under the thoughtful ownership
of Scholastic who remains dedicated to our mission. We are thankful
for all Mrs. Nelson's book fair employees and their passion and
commitment throughout the years, as well as for the close
partnerships we have enjoyed with our school sponsors throughout
the region."
About Scholastic:
Scholastic Corporation (NASDAQ: SCHL) is the world's largest
publisher and distributor of children's books, a leading provider
of literacy curriculum, professional services and classroom
magazines, and a producer of educational and entertaining
children's media. The Company creates and distributes quality books
and e-books, print and technology-based learning programs for pre-K
to grade 12 and other products and services that support children's
learning and literacy both in school and at home. With 15
international operations and exports to 165 countries, Scholastic
makes quality, affordable books available to all children around
the world through school-based book clubs and book fairs, classroom
libraries, school and public libraries, retail and online. True to
its mission of 99 years to encourage the personal and intellectual
growth of all children beginning with literacy, the Company has
earned a reputation as a trusted partner to educators and families.
Learn more at www.scholastic.com.
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SOURCE Scholastic