After forty five years of the Gill & Macmillan partnership, the Dublin-based publishing group have announced that full ownership of the company is to be taken up by the Gill family marking the end of an era in Irish publishing and the beginning of a new one. It seems that changes are certainly in the works!
According to its press release this morning, there will be ‘no trading consequences for the business’ while changes in the name and branding will take place at a later stage. Speaking of the move, Michael Gill, Chairman of Gill & Macmillan underlined the move as a very positive one, saying:
‘’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”.
The financial details of the sale have not been disclosed. Read the full release below:
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.”