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Castle Harlan Buying Baker & Taylor

15 May, 2006 By: Jessica Wolf

Chicago-based private equity fund Castle Harlan Inc. is buying distributor Baker & Taylor for $455 million from Willis Stein & Partners.

Also a private investment firm, Willis Stein & Partners originally acquired the Charlotte, North Carolina-based video distributor in July of 2003.

"Baker & Taylor is a very successful investment for our firm,” said Daniel Blumenthal, Managing Partner of Willis Stein & Partners. “Working closely with management, we were able to build on the outstanding Baker & Taylor legacy by improving and streamlining the company's overall operations, delivering new and innovative products and services to customers, and gaining market share through organic growth and strategic acquisitions."

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