McGraw-Hill to Acquire Mayfield Publishing Company
The McGraw-Hill Companies signed an agreement to acquire Mayfield Publishing Company, a privately-held college publisher specializing in humanities and social science disciplines. Terms of the transaction were not disclosed.
"This acquisition is consistent with our strategy to build size and scale in our education business so that we can take advantage of the substantial opportunities of the global education market," says Harold McGraw III, chairman, president and CEO of The McGraw-Hill Companies. "We can leverage Mayfield Publishing's intellectual property of distribution through our global sales network and through our growing list of electronic-based educational products."
Mayfield Publishing Company is based in California, publishing 85 titles already, and expects to publish 92 new and revised titles in 2001. The anticipated transaction will be completed in the first quarter 2001, subject to government approvals required under the Hart-Scott-Rodino Act.
Founded in 1888, The McGraw-Hill Companies is a global information services provider for financial, education and business sects. The corporation operates more than 400 offices in 32 countries. For more information, click here: www.mcgraw-hill.com