Nelvana Nabs Klutz Publishing
On Wednesday, April 12, 2000, Nelvana Limited announced it has acquired privately held Klutz, one of the leading branded children's book publishers in the U.S., for US$74 million. The Toronto-based company plans to integrate Klutz into Nelvana's Branded Consumer Products business, which includes established operations in publishing and merchandise licensing. Under the terms of the agreement, Nelvana will acquire 100% of the stock of Klutz.