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The Wicks Group Acquires Torstar's Delta Education
For Release: August 9, 2001
Contact: Craig Klosk, The Wicks Group of Companies, L.L.C. (212) 838-2100
Gary Facente, Delta Education, LLC (603) 889-8899
The Wicks Group Acquires Torstar's Delta Education
New York City, NY, August 8, 2001: The Wicks Group of Companies, L.L.C. announced today that it has acquired Delta Education, an educational publishing and distribution company, headquartered in Nashua, NH, from Torstar Corporation.
Delta Education is a leading developer and supplier of K-12 science and math education materials. Founded in 1974 on the belief that "children learn best by doing," Delta is most known among educators for its hands-on, supplemental manipulatives and curriculum products for elementary school children.
Gary Facente has joined Delta as its President and CEO. Mr. Facente arrives with over 30 years of executive and operating experience in educational publishing, including prior positions as CEO of Tribune Company's largest educational publisher, and President of World Book Encyclopedia.
In announcing the acquisition, Craig Klosk, a Managing Director of the Wicks Group, said: "Demographic trends affecting the K-12 educational publishing industry are extremely favorable, driven by increases in the school-age segment of the population, and we are truly excited to have Delta Education as our flagship company in this high growth sector."
"In its more than 25 year history, Delta has developed a highly respected franchise known for producing effective tools for teaching math and science," added Gary Facente. "I look forward to the opportunity to build upon the company's tradition of excellence and collaborate in the development of the next generation of products."
ABOUT THE WICKS GROUP
The Wicks Group of Companies, L.L.C. (www.wicksgroup.com) is a New York based private equity firm that invests in communications, information and media businesses. Wicks currently owns or has owned various companies in the following industries: community newspapers; radio broadcasting; television broadcasting; educational publishing; magazine publishing; outdoor advertising and newsletter publishing.
ABOUT TORSTAR CORPORATION
Torstar Corporation is a broadly based publishing company. Its operations include the Torstar Media Group, including The Toronto Star, Canada's largest daily newspaper, the Hamilton Spectator, the Kitchener-Waterloo Record and Metroland Printing, Publishing & Distributing, publishers of approximately 70 community newspapers and distributors of advertising materials; Harlequin Enterprises, the world's largest publisher of series romance fiction; the Interactive Media Division, which includes Torstar's approximately 40 websites, Toronto Star Television and a portfolio of Internet-related investments; and approximately a 37% interest in ITI Education, Canada's leading postgraduate information technology education institution. |
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