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Article: School Specialty profit declines
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- August 21, 2009
- Author:
CopyrightCopyright 2009 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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By DORIS HAJEWSKI
School Specialty Inc., the Greenville-based educational products
company, reported a nearly 15% drop in quarterly earnings Thursday
and announced two business transactions.
The company has acquired AutoSkill International Inc., an
educational technology company in Ottawa, Canada, for $11.7 million.
School Specialty also agreed to sell its retail trade book
business to Carson-Dellosa Publishing, a newly formed business.
According to the agreement, School Specialty will combine its
publishing unit assets with Cookie Jar Education Inc. and will take
a 35% stake in Carson-Dellosa.
Financial terms were not disclosed. The sale is expected to close
in the current quarter.
For the ...