New York, July 13, 2006 — Berkery, Noyes & Co., LLC announced today that it represented Standex International Corporation in its divestiture of Standard Publishing, LLC (Standard) to The Wicks Group of Companies, LLC (Wicks Group).
Founded in 1866, Standard is a recognized leader in providing Christian resources and publications for families, churches, schools and religious organizations. The company offers true-to-the-Bible materials, including classroom and group-based curricula, books, and magazines, as well as Christian-themed toys and games. Standard markets its products through a number of sales channels, including Christian bookstores, general bookstores and mass retailers.
Daniel Kortick, Managing Partner of the Wicks Group, said, “We believe there are positive growth trends in the niches in which Standard publishes, and we could not be more pleased with the foundation on which we plan to build.”
Standex International Corporation (Standex) is a multi-industry manufacturer in four broad business segments: Food Service Equipment Group, Air Distribution Products Group, Engineered Products Group, and Engraving Group.
About Berkery, Noyes & Co., LLC
Berkery, Noyes is one of the pre-eminent merger and acquisition firms serving the information industry, having completed more than 400 transactions since inception. Among the most recent transactions completed by Berkery, Noyes is the acquisition of Crest Fruit (division of Standex) by Rio Queen, Questar Educational Systems, Inc. by TASA, The Hampton Brown Company by National Geographic, Delta Education LLC by School Specialty, Inc, ProQuest Company’s acquisition of Voyager Expanded Learning, the sale of Facts on File to Veronis Suhler Stevenson, Wicks Medical Information’s acquisition of DesignWrite, the sale of Kurzweil Educational Systems to Cambium Learning, the acquisition by WebMD Health of Conceptis Technologies, and Dominie Press to Pearson Inc.
Berkery, Noyes’ clients include private companies seeking a buyer, most of the major international information companies, and private equity firms who use the firm’s expertise in locating, analyzing and negotiating with acquisition candidates and in managing divestitures. The firm operates with a staff of thirty-six professionals serving the information and publishing industry.