Albatros Media continues its expansion with the purchase of Fragment Publishing
Albatros Media Corp. has bought a 100% stake in the publishinghouse Fragment, one of the key publishing houses for both the Czech and Slovak Republics.This is Albatros Media’s seventh impressive acquisition in the past four years,cementing its undisputed position as the largest Czech publishing group. Bothof the original proprietors of Fragment, Jan Eisler and Pavel Nýč, will continue to work withAlbatros Media.
Thepurchase acquired both Czech Republic’s Nakladatelství Fragment Corp. andSlovakia’s Vydavateľstvo Fragment Corp. The aim of the acquisition was tostrengthen Albatros Media’s leading position in the realm of children and youngadult literature, whose share of the market will now reach around 48%. Thismerge will raise Albatros Media’s consolidated annual sales to around 600million CZK. Fragment will benefit from the power and stability provided byAlbatros Media and be able to significantly increase its own publishingactivity. The Fragment brand and identity will be preserved within AlbatrosMedia Group.