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Posts Tagged ‘Brumby Books Holdings’

Distributor News: Overseas PGW Sale closes; Fujii and Heinecken Merge

Both stories are taken from PW Daily. First they report that Bankruptcy court judge Christopher Sontchi has approved the sale of PGW‘s two overseas segments to different buyer. PGW UK goes to Medwyn Hughes and Cathy Parsons, who had run HI Marketing Ltd. until they sold it to AMS in 2002, while Brumby Books Holdings bid approximately $400,000 for Bookwise, the PGW unit in Australia and Singapore.

Earlier, PW Daily reported
that Fujii Associates and Heinecken & Associates, two of the country’s largest and best known independent rep groups, will merge their two operations effective January 1. The combined firm will be known as Fujii Associates and will be headed by current Fujii president Don Sturtz. Ted Heinecken, who founded Heinecken & Associates in 1978, will continue to work for the combined group “for as long as he wants to,” said Sturtz.

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PGW Overseas Units Get Buyers

PW Daily reported yesterday that AMS has found separate buyers for the international operations of PGW. Medwyn Lloyd Hughes and Catherine Goodman, who have run PGW’s UK operation since AMS acquired their HI Marketing company in 2002, have agreed to pay $216,325 for the UK distribution arm while PGW’s Australian distributor, Bookwise International, as well as its Singapore unit, will be acquired by the Australian company Brumby Books Holdings for roughly $400,000. Both acquisitions also include select APG inventory, and won’t be finalized lest competing bids come into the bankruptcy court by the April 20 deadline.