Random House Acquires The Monacelli Press
Random House has acquired visual arts book publisher The Monacelli Press. The terms of agreement between the two privately held companies were not disclosed.
The Monacelli Press will operate as an independent imprint within Random House, under the direction of Publisher and Founder Gianfranco Monacelli. Sales and distribution of all Monacelli Press titles, currently handled by Penguin, will be assumed by Random House July 1.
“Since my first days as a bookseller at Rizzoli on Fifth Ave., when I was given the task of alphabetizing the Modern Library, I have always looked at Random House and its imprints as the most exceptional in the industry,” says Monacelli. “Over the years, as I became familiar with its wonderful and varied catalogs, I came to know the people behind them and appreciate the overall culture identified with the company. In my view, there is no better family to join than the house of Random.”