Scholastic to acquire Cottage Door Press for about $71 million
SCHL•Scholastic agreed to acquire Cottage Door Press for about $71 million, funding the deal with cash on hand and a revolving credit facility. The acquisition is expected to contribute to revenue growth and adjusted EBITDA in fiscal 2027 and be accretive in its second year after closing, including anticipated synergies.
1. Acquisition agreement
Scholastic announced an agreement to buy Cottage Door Press, an early childhood publishing company, for about $71 million. Scholastic plans to fund the acquisition with cash on hand and its revolving credit facility.
2. Expected contribution
The acquisition is expected to contribute to revenue growth and adjusted EBITDA in fiscal 2027. Scholastic expects the deal to be accretive in its second year following closing, including anticipated synergies.
