Quarto buys Frances Lincoln

Co-edition publisher Quarto has bought illustrated publisher Frances Lincoln for £4.5m. The cash deal was announced this morning (16 August) as Quarto also revealed its interim results for the six months ending 30 June 2011. Sales were up 5% to $72.5m (£44.4m) and profit before tax increased 21% to $1.4m (£857,000) - The Bookseller