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Castle Harlan, the New York-based private equity investment firm, announced today that a fund it manages has agreed to buy privately held Baker & Taylor, a leading domestic and international distributor of books and entertainment products to libraries and retailers, in a transaction valued at $455 million.
Baker & Taylor, founded in 1828, is the world's leading distributor of books, video, and music products to public and academic libraries. It is also a global leader in the distribution of books and entertainment products to many of the country's leading retailers. More here and here.