Random House, the world’s largest publisher of consumer books, has acquired Ten Speed Press, a Berkeley, California, US-based independent publisher of business, cooking and mind, body and spirit titles.
The terms of the acquisition were not disclosed. The deal is the company’s first purchase since Markus Dohle took over as Random House’s chief executive in May 2008.
Ten Speed Press, founded by Philip Wood in 1971, publishes about 100 hardcover titles a year. Its books include the best-selling What Color Is Your Parachute?, the job-hunting bible by Richard Bolles, and The Moosewood Cookbook by Mollie Katzen.
Ten Speed will be integrated into the Crown Publishing Group, one of four divisions at Random House. Jenny Frost, president and publisher of Crown, said that there would be some layoffs at Ten Speed as its distribution and warehousing units were consolidated into Crown’s operations. But she said the company planned to retain Ten Speed’s editorial staff in Berkeley.
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