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.