Dick Maddrell

Money Moves

Leading Cottage Door through its acquisition by Scholastic; will continue with existing team after close

Scholastic, the world's largest publisher and distributor of children's books, announced on September 29 that it will acquire Cottage Door Press, a fast-growing maker of early childhood books, for approximately $71 million. Cottage Door generated about $45 million in net revenue in the 12 months ended May 31, 2026, and was strongly profitable. The deal is expected to close by the end of 2026, with Cottage Door folded into Scholastic's Children's Book Group. Its Luna StoryTime interactive toy line will be spun off before closing and is not part of the purchase.

Updated Oct 17