Baker & Taylor

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Baker & Taylor, a distributor of books and entertainment, has been in business for over 180 years.[1] Based in Charlotte, North Carolina and privately owned, in 2008 the firm had $2.26 billion in sales, employed 3,750, and was # 204 on Forbes list of privately owned companies.[2] As of 2014 George Coe is both the President and CEO of the company.[3]

Offerings[edit]

Baker & Taylor's core business distributes tangible media content (i.e., books, calendars, music CDs, DVDs, Blu-ray discs), digital content (i.e., ebooks and e-spoken word audio), and collection development and processing services to libraries throughout the world. Digital content is available through the company's Axis 360 platform via the Blio app or the Axi360 app in combination with the Axis Reader app.[4] Its retail unit distributes approximately 1 million+ book titles and music CDs, DVDs, and Blu-rays to brick and mortar and Internet retailers (booksellers, craft stores, department stores, comic book stores).[5]

Ownership history[edit]

Castle Harlan Partners is Baker & Taylor's majority owner, having acquired it from the investment firm Willis Stein & Partners.[6] In 1994, it[which?] the Follett Corporation of River Grove, Illinois had intended to acquire Baker & Taylor from the then majority holder, the Carlyle Group, who was looking to sell its interest to concentrate on the defense industry.[7]

Arnie Wight became president of the company on May 23, 2007.[8] Jack Eugster became chairman and chief executive officer, replacing Richard Willis, on January 4, 2008.[9][10] Thomas Morgan took over the CEO role on July 7, 2008.[11] Current president and CEO George Coe replaced both Wight and Morgan in January 2014.[3]

Lawsuit[edit]

In 1999, Baker & Taylor paid a settlement of $3 million USD to the US government to settle a federal lawsuit. The suit claimed that Baker & Taylor had overcharged the federal government, as well as state and local libraries using federal funds. These charges occurred after 1992, when Baker & Taylor was sold by its then-parent company, W. R. Grace and Company. Baker & Taylor denied all allegations.[12]

Divisions[edit]

Baker & Taylor publishes books under the Thunder Bay Press, Silver Dolphin Books, and Portable Press imprints.

In 2009, Baker & Taylor bought the North American arm of Blackwell UK as well as Blackwell's Australian library supplier, James Bennett. In return, Blackwell acquired the UK-based Lindsay and Croft from Baker & Taylor. Blackwell's North American division was merged into Baker & Taylor's YBP Library Services.[13]

See also[edit]

Notes[edit]

  1. ^ "Baker & Taylor". Archived from the original on 9 May 2008. Retrieved 2008-06-01. 
  2. ^ "America's Largest Private Companies". Retrieved 2015-09-02. 
  3. ^ a b Price, Gary (17 January 2014). "Leadership: Baker & Taylor Names George Coe as Company’s New Chief Executive Officer and President". Library Journal. Retrieved 31 July 2015. 
  4. ^ "axis360 App Zone". Queens Public Library. Retrieved November 19, 2014. 
  5. ^ "About Baker & Taylor: Our Business". Retrieved 2015-09-02. 
  6. ^ "Castle Harlan Completes Purchase of Baker & Taylor, Leading Distributor of Books to Libraries and Stores". Retrieved 2015-09-02. 
  7. ^ "Baker & Taylor being sold. (Baker and Taylor Inc. Baker and Taylor Video)". Video Business. Retrieved 2008-06-01. [dead link]
  8. ^ Johnson, Jenny. "Baker & Taylor Appoints New President". btol.com. Baker & Taylor. Retrieved 31 July 2015. 
  9. ^ "Baker & Taylor Chief Executive Officer Resigns: Eugster Appointed Chairman" (pdf). Retrieved 2008-06-01. [dead link]
  10. ^ "Baker & Taylor Chief Executive Officer Resigns: Eugster Appointed Chairman". prnewswire.com. Retrieved 31 July 2015. 
  11. ^ "Morgan Replaces Eugster As CEO of Baker & Taylor". authorlink.com. Retrieved 31 July 2015. 
  12. ^ "#276: 06-28-99 BAKER & TAYLOR, INC. PAYS $3 MILLION TO SETTLE ALLEGATIONS OF OVERCHARGING FOR BOOKS". Retrieved 2008-06-01. 
  13. ^ Milliot, Jim (8 December 2009). "Baker & Taylor Acquires Blackwell North America". Publishers Weekly. Retrieved 31 July 2015. 

External links[edit]