Follett Acquires Baker & Taylor

Follett Corp. on Monday announced it has bought media distributor Baker & Taylor, a massive acquisition that fortifies Follett's dominant position as a provider of books and other materials to libraries, schools and more. The acquisition, the terms of which were not disclosed, adds another billion dollars to Follett's existing $2.6 billion sales revenues, the company said in a press release. Baker & Taylor will continue to operate out of its Charlotte, N.C., offices, according to the announcement (Follett is based in Westchester, Ill.).