Hachette to acquire Workman.

Hachette, a global publishing company, agreed to acquire Workman, an independent publisher of trade books and calendars. Financial terms were not disclosed. “We have admired Workman for decades, marveling at the spirit of innovation that drives their business, their strong brand franchises, their focus on backlist, the work culture they have nurtured, and the outstanding reputation they have established among authors, agents, booksellers, and the media. I could not be more thrilled to welcome Workman’s incredibly talented employees and their brilliant authors and illustrators to Hachette. The Workman program will powerfully complement HBG’s existing publishing programs, and this acquisition will unlock new opportunities for growth in exciting directions," Michael Pietsch, Hachette Book CEO.