Grolier
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Grolier was an educational publishing company, known for its presence in school libraries. Grolier had a strong presence among the under-6 demographic, the target of Grolier's direct mail-to-the home business.
Grolier had a US$100 million international business, primarily located in the UK, Canada and Asia,
As of Monday, May 1, 2000, parent company Lagardere S.C.A. of France entered into agreement with Scholastic to be acquired for US$400 million in cash.
Grolier had 1999 revenues of $450 million and earnings of approximately $45 million, with $4.5 million in Internet revenues.
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Acquisition activity in the education market heats up.
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