Friday, July 25, 2014
Headquartered in Mount Pleasant, South Carolina, Arcadia Publishing has announced the acquisition of Charleston-based The History Press Inc., a wholly owned, U.S.-based subsidiary of U.K.-based The History Press Ltd., in a private sale. The deal makes the Lowcountry the home of the largest publisher of local and regional books in the U.S. with a staggering combined total of more than 12,000 titles available for sale.
Arcadia is committed to maintaining the creative aspects of both businesses and will keep existing brands entirely separate. At this time, acquisitions, product development, marketing, publicity, and sales will remain essentially independent and will continue to operate in the companies' respective office locations. Strategic collaboration aimed at cost savings will merge warehousing and fulfillment functions in the future.
The resulting operational benefits are significant and will support the creative process of expanding the vast range of content produced through each division.
In a message sent to Arcadia and History Press employees, Arcadia Publishing CEO Richard Joseph shared the following:
“I have given a lot of thought as to what we are about and where our future lies. The combination of Arcadia Publishing and The History Press creates the largest and most comprehensive publisher of local and regional content in the USA. By empowering local history and culture enthusiasts to write local stories for local audiences, we create exceptional books that are relevant on a local and personal level, enrich lives and bring readers closer – to their community, their neighbors and their past. We are committed to the pursuit of new growth opportunities and to increasing the availability, depth and breadth of local books. Driven by genuine pride in our work and an infectious enthusiasm for what we do, we are universally dedicated to the success of our authors, employees and stakeholders.”
The new partnership will strengthen the foundation of both businesses and Joseph is hugely excited for the future. “We're joining the talented staff of two great companies and together we'll continue creating books people love. We hear moving stories from readers every day that remind us that the content we produce is personal, relevant and valuable,” he said.