Ángel Estrada y Compañía S.A completes the sale of Editorial Estrada S.A.

The Buyer is Macmillan Publishers Limited.

Buenos Aires, July 2007.  Ángel Estrada y Cía. S.A, a company with 138 years of tradition in the spheres of education, culture, and educational and commercial stationery, made public the completion of the sale of its publishing division, Editorial Estrada, S.A., to Macmillan Publishers Limited.   A preliminary announcement had been made in early May.
 
This sale comes at a moment when Angel Estrada’s publishing division is showing strong growth, solid results, and owns a substantial share of the market in educational textbooks and books for school libraries.  

The sale will permit Ángel Estrada y Cía., S.A. to concentrate on strengthening its position of leadership in educational and commercial stationery, both in Argentina and abroad.  This activity features strong brands such as Rivadavia, Arte, América and El Nene.. 

Zsolt T.J. Agárdy, Chairman of Ángel Estrada y Compañía S.A says: "We’re well satisfied with this deal, which will allow Angel Estrada to focus on growing its stationery business, through the creation of new products for the domestic market and increased exports.   I’m sure Macmillan’s purchase will produce positive results for our former publishing division.” 

Christopher West, Macmillan’s Regional Director for Latin America, says: “We’re very pleased to be buying one of Argentina’s oldest and most prestigious publishing companies.    Editorial Estrada’s high quality publications complement our existing activities in Argentina and mark another step forward in our expansion in one of Latin America’s most important educational markets".

Background Information:

Ángel Estrada & Compañía S.A was founded in Buenos Aires in 1869. At the service of culture and education in Argentina for the last 138 years, Angel Estrada holds a highly prestigious position in the educational and commercial stationery business.   Brands such as Rivadavia, Arte, América y El Nene symbolise the company’s commitment to quality and constant innovation. 

Macmillan Publishers Limited was founded in 1843 and is part of the German media group Verlagsgruppe Georg von Holtzbrinck GmbH. The group has enjoyed sales in Argentina since the 1960’s and in 1998 set up Macmillan Publishers, S.A., which is now a market leader in the area of English Language Teaching.