PGW Overseas Units Get Buyers

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By Carmen Comments

PW Daily reported yesterday that AMS has found separate buyers for the international operations of PGW. Medwyn Lloyd Hughes and Catherine Goodman, who have run PGW’s UK operation since AMS acquired their HI Marketing company in 2002, have agreed to pay $216,325 for the UK distribution arm while PGW’s Australian distributor, Bookwise International, as well as its Singapore unit, will be acquired by the Australian company Brumby Books Holdings for roughly $400,000. Both acquisitions also include select APG inventory, and won’t be finalized lest competing bids come into the bankruptcy court by the April 20 deadline.