Red Wheel/Weiser has acquired the majority of the titles of Watkins Publishing, the flagship imprint of Watkins Media, in a transaction that "brings together two of the most respected names in mind, body, spirit publishing and marks an important moment for the international spiritual publishing community," Red Wheel/Weiser noted.
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| Red Wheel/Weiser CEO Michael Kerber and Etan Ilfeld, owner of Watkins Media. | |
"There is a long history between Watkins and Weiser that predates current ownership of both companies, making this a meaningful alignment of heritage and editorial vision," said Michael Kerber, president and CEO of Red Wheel/Weiser. "Watkins carries extraordinary brand recognition and an impressive publishing list. We are honored to build on their foundation and to welcome the Watkins authors into the Red Wheel/Weiser family."
Etan Ilfeld, owner of Watkins Media, commented: "Watkins Publishing has grown into a powerful and respected imprint inspired by a historic name and legacy. As part of a broader strategic review of Watkins Media and its publishing portfolio, we determined that Red Wheel/Weiser is the ideal long-term steward for its continued growth."
Distribution arrangements will remain uninterrupted during a transition period, with Penguin Random House Publisher Services continuing to distribute in the U.S. and Wiley in the U.K. until June 30. Beginning July 1, U.K. and European distribution will be managed by the Mare Nostrum Group. Red Wheel/Weiser will oversee distribution in the U.S. through its partnership with Books International, and internationally through its established partners, including Publishers Group Canada and New South Books Australia.
The transaction does not affect Watkins Books, the bookstore in Cecil Court London, or Watkins Mind Body Spirit magazine, both of which will continue to operate independently and are not part of this sale.