Some of the most interesting news in Irish publishing for some time tripped across my phone line and email inbox last night. The Gill Family has bought out Macmillan’s 50% share of one of Ireland’s largest trade and educational publishers, Gill & Macmillan.
It’s a fascinating move on many fronts. Firstly it’s nice to see such a large element of the Irish trade firmly in local hands, that’s healthy for the Irish industry given how heavily exposed to outside publishers it already is. Secondly it indicates that Macmillan’s strategic interests no longer include holding such a complex position in a joint venture like G&M. Lastly it lays the ground for interesting years ahead as the newly focused Gill (no longer & Macmillan?) faces the challenge of Penguin Random House which controls a large chunk of Irish publishing.
See the full press release below:
RELEASE DATE [ Wednesday 14 August at 10am ]
Gill family takes full ownership of Gill & Macmillan
The Gill family and Macmillan Science and Education, joint owners of Dublin-based publishing company, Gill & Macmillan, have announced that the Gill family has taken full ownership of the company.
The new ownership structure will have no trading consequences for the business and the Gill family, alongside the company’s Management Team, looks forward to building on its current success. A change in name and branding will take place at a later stage.
Gill & Macmillan was founded forty-five years ago in 1968 when Macmillan acquired an interest in the long-established Irish company, M. H. Gill & Son Ltd. Since then the company has become one of the most prominent book publishing and publishing services companies in Ireland. Publishing educational content for Irish schools and colleges has been a major part of Gill & Macmillan’s activities since its foundation. The company is also Ireland’s largest trade publisher as well as providing distribution services to the majority of the country’s independent publishers.
This development marks the next chapter for the Gill family, whose name has been synonymous with books in Ireland for 180 years, since Michael Henry Gill was appointed printer to Dublin University in 1833. Six generations of the family have now been actively involved in management of the business.
Michael Gill, Chairman of Gill & Macmillan said: “This is a very positive development for the company. Now wholly Irish-owned again and continuing to employ more than 70 talented and energetic people here in Dublin, we are excited by the transformative power and many opportunities and challenges provided by the digital age, both in Ireland and worldwide”.
Annette Thomas, CEO of Macmillan Science and Education, said: “The relationship between Macmillan and Gill has, over many years, been a model partnership of collegiate cooperation and shared business interests in this successful company. Whilst the sale of our 50% holding fits within our greater strategic objectives, we are delighted to maintain the many close friendships which have been forged with our colleagues in Dublin.”
The financial details of the sale have not been disclosed.
Teresa Daly, Communications Manager, Dublin, Ireland
+353 (01) 500 9521 / +353 (0) 86 838 3559; email@example.com
For Macmillan Science and Education:
Sarah MacDonald, Group External Communications, London, UK
+44 (0)20 7833 5672 / +44 (0)7714 916798; firstname.lastname@example.org
Notes for Editors:
About Macmillan Science and Education
Macmillan Science and Education, part of the Holzbrinck Publishing Group, is home to the Macmillan businesses which empower those with curious minds to achieve great things. Through the provision of high-quality content and services to scientists, educationalists, students and academics around the world, Macmillan is changing the way students learn, teachers teach and scientists discover. Operating in over 50 countries with some 5000 employees, the division consists of Nature Publishing Group (NPG), Palgrave Macmillan, Macmillan Education, Macmillan Higher Education, Digital Science, Digital Education and Macmillan New Ventures. For more information, please see http://www.learndiscover.com.
Gill & Macmillan is the most prominent book publishing company in Ireland. Drawing on more than one hundred previous years of tradition and experience, Gill & Macmillan publishes educational content for primary and secondary schools as well text books for university, college and further-education courses. Its trade division publishes widely in history, politics, current affairs, sport, entertainment and lifestyle. The company has met the emergence of digital communication by providing e-book versions its bestselling titles alongside a rapidly evolving range of digital resources and tools for teachers and students. The company also provides a comprehensive distribution service for the majority of independent Irish trade publishers. For more information, please see http://www.gillmacmillan.ie.
2 thoughts on “The Gill Family Takes Full Control Of Gill & Macmillan”
Eoin, do you think we’ll see a change in their publishing focus?
To be honest, not really, their list has always been very Irish focused! I don’t expect any major changes at all until they make a decision re: branding.
In the longer term you’d think there’s the chance of industry consolidation led by Gill, but you’d wonder if there’s value there to capture.