Business
School Specialty Announces the Acquisition of Triumph Learning, LLC
School Specialty Announces the Acquisition of Triumph Learning, LLC.
About this update from School Speciality Inc
[{"type":"text","content":"\n\n GREENVILLE, Wis., Aug. 21, 2017 (GLOBE NEWSWIRE) -- School Specialty, Inc. (OTCQB:SCOO) (“School Specialty”, “SSI” or “the Company”), a leading distributor of supplies, furniture and both curriculum and supplemental learning resources to the education, healthcare and other marketplaces, announced today that it has reached a Definitive Agreement (the “Agreement”) to acquire leading educational content company, Triumph Learning, LLC.\n Triumph Learning is a publisher of state-specific test preparation, and supplemental and intervention curriculum products for the K-12 education market. For over 25 years, Triumph Learning’s flagship product, Coach, has been utilized throughout education, providing educational facilities and teachers with hands-on test preparation books for ELA, Math, Science and Social Studies, with materials customized to state-specific best practices, along with a comprehensive series of supplemental and intervention resources for Math, ELA and Science. Solutions are delivered through multiple platforms, including both print and digital, as well as through third-party platforms and applications. Triumph Learning estimates that over the past three years, its products have been used by approximately 6 million students in 29,000 schools across the United States. Joseph M. Yorio, President and Chief Executive Officer, stated, “Our strategy to build value is based on both organic growth and the pursuit of trusted brands and companies that enhance our offering and reinforce our value proposition. With the acquisition of Triumph Learning, we gain immediate access to a vast amount of proprietary content in areas that can be leveraged in both current and new products to accelerate our growth plans in the coming years. They have comprehensive content and publishing expertise that enable them to address continually evolving state-specific best practices. Coupling this with their strong selling organization, emerging digital presence and their highly-regarded Coach brand makes us very excited about this opportunity.” Mr. Yorio continued, “Triumph Learning’s products are very complementary to our current offering and others that we intend to bring to market, as we expand in the Instruction & Intervention category and in areas such as readin...