|
|
|
COUTTS completes the acquisition of John Smith & Son (Glasgow) Ltd. Coutts Information Services Ltd. has recently completed an agreement to purchase John Smith & Son (Glasgow) Ltd. The acquisition of this highly regarded, 250 year-old library wholesaler places the Coutts group in a much stronger position within the specialty and academic library wholesale market. Coutts is better equipped to provide the superior service demanded by its customers, and the Company is well positioned to thrive in a competitive and rapidly evolving market. In the short term, the priority is to ensure that library supply customers of Coutts and John Smith’s are kept informed of developments and that there are no interruptions to services. Ultimately, the combination of the strength of these two companies, together with focused investment, will result in even better delivery times, online information and enhanced shelf-ready services. James Gray, Chief Executive, Coutts, comments, “Customers today expect the efficient delivery of increasingly complex services at lower cost. This has forced consolidation in the library supply sector. Volume becomes more and more crucial in helping to generate the returns required to justify the necessary investment to meet customers’ needs. Our job now is to ensure all customers receive even better services as a direct result of the acquisition”. Stephen Wilson, President Coutts North America, comments, “I’m delighted that Coutts is once again able to demonstrate a genuine commitment to investing in its businesses. The acquisition of John Smith will strengthen the company in many ways, including, Coutts North America’s plan to provide it’s customers with superior firm order, standing order, and approval services for U.K. published books. PRESS CONTACT: Josephine Fraone |
