Lee & Low Books Acquires Children’s Book Press Assets
–Foresees Increasing Demand for Diversity Texts–
–Two Latina Books Win Top Library Awards–
NEW YORK, Jan. 27, 2012 /NEWS.GNOM.ES/ – Continuing to expand despite a difficult economy, Lee & Low Books, an independent publisher of high quality books for children and young adults with a focus on diversity, announced today that it has acquired the assets of San Francisco-based Children’s Book Press, the first specialty publisher of multicultural children’s books in the United States. With this addition Lee & Low Books becomes one of the largest independent multicultural children’s publishers in the country, with over 650-titles in print.
Terms of the cash transaction include the acquisition of tangible assets such as books in inventory and intangible assets such as copyrights and trademarks, including the Children’s Book Press name. Lee & Low will assume Children’s Book Press contracts with authors, illustrators, customers and suppliers. The sale price was not disclosed.
“This acquisition is a tremendous honor for us– to keep the prestigious collection of Children’s Book Press alive and to have the opportunity to build on its 36-year history,” said Jason Low, publisher of Lee & Low Books.
Lee & Low Books also announced that two of its titles were recipients Monday, Jan. 23, of top American Library Association-sponsored children’s book publishing awards. Under the Mesquite, by Guadalupe Garcia McCall won the 2012 Pura Belpre Award Author Medal. Marisol McDonald Doesn’t Match/Marisol McDonald no combinia, by author Monica Brown and illustrator Sara Palacios won the 2012 Pura Belpre Award Illustrator Honor. Marisol McDonald Doesn’t Match is one of the titles acquired from Children’s Book Press.