Scholastic said Tuesday it has signed a definitive agreement to acquire Cottage Door Press, an independent children's publisher of early childhood books, for about $71M. The company said the strategic acquisition will expand Scholastic's position in the early childhood book market, a key focus area, by adding a proven independent publisher with distinctive strengths in early childhood and novelty formats. Cottage Door's Luna StoryTime products, a line of interactive electronic toys, will be spun off before closing and will not be acquired by Scholastic as part of the transaction. Cottage Door Press generated about $45 million in net revenue and was profitable during the twelve months ended May 31, 2026, and the transaction is expected to close by the end of 2026. Scholastic expects the acquisition to contribute to revenue growth and adjusted EBITDA in fiscal 2027 and to be accretive in its second year following close, including anticipated synergies.
Scholastic CorporationScholastic signed a definitive agreement to acquire Cottage Door Press for about $71M, expected to be accretive and boost revenue/EBITDA.
Cottage Door Press is being acquired for about $71M, but the article gives no standalone impact on the private company itself.
