This is their largest acquisition for a number of years and will materially change the landscape for DC Thomson Media, says the company.
Headquartered in Dundee, DC Thomson Media has been publishing for over 100 years and has a portfolio of more than 20 magazines, including The People’s Friend and Beano.
Aceville Publications is one of the fastest-growing publishing houses in the UK and home to over 40 in-house brands including craft, gardening, health and food publications. This is complemented by a growing B2B portfolio.
Chief Executive Officer at DC Thomson Media, Mike Watson, said, “We’re excited to have acquired Aceville and are looking forward to working together. The team at Aceville, and their portfolio, are a great fit for our business and this collaboration opens up a host of opportunities for both businesses. This is a hugely exciting time for everyone at DC Thomson Media and Aceville.”
Effective immediately, the acquisition of Aceville by DC Thomson Media will bring a combined portfolio of around 70 magazines as well as a number of digital properties and events. According to DC Thomson Media, this acquisition firmly establishes them as one of the top 5 consumer magazine publishers in the UK.
Mike continues, “This acquisition will materially change our landscape and is a key step in our Protect, Launch, Diversify strategy.”
Matthew Tudor, Managing Director at Aceville, said, “We’re thrilled to be joining DC Thomson Media. They have great heritage and credibility in the publishing industry and I’m looking forward to working together to strengthen the combined portfolio.
“DC Thomson Media holds some brilliant brands and I’m confident the Aceville titles and expertise will complement this. The portfolios align brilliantly and bring real opportunity to improve content for all of our readers.”
Following the acquisition, the focus for DC Thomson Media is to increase market share, and continue to transform from traditional magazine publishers to multimedia content creators and distributors.