Tuesday, 20 May 2008

Legend Press MD completes Paperbooks acquisition

Tom Chalmers, Managing Director of Legend Press, has completed the acquisition of fellow independent fiction publisher PaperBooks for an undisclosed sum. The move initially made the press when announced in April.

PaperBooks was set-up in 2006 by Keirsten Clark and its list includes Jessica Gregson, author of the internationally-acclaimed novel The Angel Makers, Royal Society of Literature prize-winner Jon Haylett, and cult comedy writer Mark Hayhurst, author of Friday at the Nobody Inn.

Legend Press was set-up with no capital in 2005 and against the market and financial odds has grown into one of the fastest upcoming independent publishers. Chalmers intends to initially run Paperbooks as a separate business, although moving into Legend Press’s office and within its supply infrastructure, with a 50% increase in number of titles published each year until 2010. The focus of both companies is to remain on fiction.

Chalmers commented:

“I’m delighted that the acquisition has been completed. Paperbooks have a fantastic brand, ethos and list of authors and we look forward to continuing and developing that. This is an exciting time for both Paperbooks and Legend Press, with many challenges in the current market but also many opportunities for the right offering.”

Clark, who had been running PaperBooks and her literary consultancy writing.co.uk side by side will now focus solely on writing.co.uk and the development of authors before they reach the publication stage.

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