Taylor & Francis Group PLC, the academic journal and book publisher, has acquired the Gordon and Breach scientific publishing group for $31.5 million. The deal includes GB's Harwood Academic division, but excludes its art book and magazine publishing units. GB publishes about 260 journals and 100 books annually in the scientific, technical and medical field from its offices in Newark, N.J., as well as in the U.K. Taylor & Francis will be looking at ways of integrating GB within its existing publishing structure in the U.K. and in its offices in Philadelphia and New York.
T&F CEO Anthony Selvey said the purchase "is consistent with our strategy of expanding our scientific, academic and professional books and journal publishing through acquisitions and organic growth." In recent years T&F has acquired 16 companies, eight since 1998. With estimated revenues for 2000 of £114 million ($182 million) and profits of £24.5 million ($39 million), T&F publishes 550 journals and has a backlist of 20,000 books.
