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Penguin Random House Acquires Random House Struik

Penguin Random House announced on Friday that it has purchased Times Media Group‘s stake in Random House Struik. The two publishing companies will be working in close cooperation under the leadership of Steve Connolly and Stephen Johnson, with the plan to integrate the businesses within Penguin Random House in 2014.

Penguin Random House International CEO, Ian Hudson said that over the last five years the company has enjoyed a terrific partnership with Times Media and New Holland Publishing and that they have passed on a fantastic legacy of a thriving local publishing list and an innovative digital programme. “We look forward to building on this with Random House Struik now a wholly-owned part of Penguin Random House,” Hudson said.

Press release:

Trade book publisher Penguin Random House today announced the completion of its purchase of Times Media Group’s majority stake in South Africa-based Random House Struik.

Random House Struik was formed in 2008 following the merger of Random House South Africa and Struik Publishers to create a significant new player in the African book publishing industry. The new company, known as Random House Struik, brought together two of the country’s most prominent book publishers, with The Random House Group holding a 49.9 per cent stake and Times Media Group’s New Holland Publishing holding 50.1 per cent. Following today’s acquisition, Penguin Random House now takes 100 per cent ownership of Random House Struik.

Ian Hudson, CEO, Penguin Random House International, said: “We have enjoyed a terrific partnership with Times Media and New Holland Publishing over the last five years and they pass to us a fantastic legacy of a thriving local publishing list and an innovative digital programme, including world-leading nature apps. We look forward to building on this with Random House Struik now a wholly-owned part of Penguin Random House.”

Andrew Bonamour, CEO, Times Media Group, said: “We are very pleased to have concluded the sale of our shareholding in Random House Struik to our long term partners in the business, who we believe will cherish and grow what is generally considered to be the best local publishing list in South Africa”.

Random House Struik and Penguin Books South Africa will now work in close cooperation under the excellent respective leaderships of Steve Connolly and Stephen Johnson with a view to integrating the businesses within Penguin Random House in 2014.

Random House Struik’s local publishing promotes books written in both English and Afrikaans, under the Struik Lifestyle, Struik Nature, Struik Travel & Heritage, Fernwood Press and Zebra Press non-fiction imprints and the Umuzi fiction imprint. These are published alongside a stunning array of internationally acclaimed authors from Random House and there is a full and developing programme of both print and digital content.

Ends

Image courtesy Penguin Random House

 

Recent comments:

  • Ben - Editor
    Ben - Editor
    December 17th, 2013 @09:01 #
     
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    ...and with this final acquisition, the story of Penguin's merger with Random House comes to a conclusion. It will be interesting to watch how the partnership between the two local houses develops.

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  • <a href="http://henriettaroseinnes.book.co.za" rel="nofollow">Henrietta</a>
    Henrietta
    December 18th, 2013 @08:30 #
     
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    Worried about the logos. They seem fundamentally incompatible.

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  • ZAPenguin
    ZAPenguin
    December 18th, 2013 @09:48 #
     
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    Don't fret, Henrietta. This 'logo' is merely a 'holding image' in use from when Penguin Random House was established on July 1st 2013. It will live on only until the spanking new Penguin Random House logo is completed and revealed some time during next year.

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  • <a href="http://www.sapartridge.co.za" rel="nofollow">Sally</a>
    Sally
    December 18th, 2013 @10:00 #
     
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    How cute would it be if the Penguin was walking out of the gate.

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  • Ben - Editor
    Ben - Editor
    December 18th, 2013 @10:26 #
     
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    Mashup competition, anyone?

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  • <a href="http://andiemiller.bookslive.co.za" rel="nofollow">Andie Miller</a>
    Andie Miller
    December 18th, 2013 @13:02 #
     
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    On the beginnings of Random House: ‘As for the name, “we just said we were going to publish a few books on the side at random,” Bennett [Cerf, the firm’s cofounder] later recalled. His friend Rockwell Kent drew up a little house for the colophon, and Random House was born.’ Alexandra Styron, Reading My Father

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  • <a href="http://richarddenooy.book.co.za" rel="nofollow">Richard de Nooy</a>
    Richard de Nooy
    December 19th, 2013 @13:37 #
     
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    Igloo Books perhaps? Then again, penguins and igloos are poles apart. Random Penguin still has a lovely ring to it. Which brings to mind another alternative: Pendom Publishers. Why not?

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  • <a href="http://henriettaroseinnes.book.co.za" rel="nofollow">Henrietta</a>
    Henrietta
    December 19th, 2013 @14:29 #
     
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    Random Penguin House sounds like a party.

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  • <a href="http://henriettaroseinnes.book.co.za" rel="nofollow">Henrietta</a>
    Henrietta
    December 19th, 2013 @14:31 #
     
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    Sally, I was imagining a cold little flipper waving from an upper window.

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  • <a href="http://www.sapartridge.co.za" rel="nofollow">Sally</a>
    Sally
    December 19th, 2013 @15:02 #
     
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    Or walking towards the house with a little suitcase

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  • <a href="https://twitter.com/helenayp" rel="nofollow">helenep</a>
    helenep
    December 19th, 2013 @15:09 #
     
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    Some artists have played around with the idea: http://www.digitalbookworld.com/2012/what-the-new-penguin-random-house-logo-might-look-like/

    I like the second one. (The last one could be AKA Awkward Penguin)

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  • <a href="http://henriettaroseinnes.book.co.za" rel="nofollow">Henrietta</a>
    Henrietta
    December 19th, 2013 @17:05 #
     
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    hah, ja #2 is excellent

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