Phaidon has acquired the Monacelli Press, which publishes illustrated books on architecture, design, and the arts. Terms of the agreement were not disclosed. Under Phaidon, the Monacelli Press will continue as a separate imprint and brand, and all staff will relocate to Phaidon's office in New York City. The Monacelli Press was founded in 1994 by Gianfranco Monacelli. In 2015, Monacelli launched Monacelli Studio, an applied arts imprint focused on art instruction, photography technique and crafts.
"The Monacelli Press's portfolio is an exciting opportunity to accelerate our growth and expand into new categories where they have excelled for the past 25 years," said Phaidon CEO Keith Fox. "The acquisition reinforces our commitment to publish the most distinguished authors and create highly designed and edited books that inspire generations of readers."
Gianfranco Monacelli comnmented: "I am delighted that Phaidon will be the new owner of the Monacelli Press. After 25 years of publishing influential books that have challenged the conventions of traditional publishing, I cannot think of a better company than Phaidon to carry on our program of provocative and essential titles, and to take the press to the next level."