NBC Acquisition Corp., which owns Nebraska Book Company, has completed its restructuring and emerged from bankruptcy. Owned by Weston Presidio, a San Francisco investment firm, NBC Acquisition had filed its "pre-packaged" bankruptcy in June 2011.
New president and COO Steve Clemente said, "We are back and stronger than ever." Likewise CEO Barry Major said, "We are emerging a stronger company aggressively focused on future growth." He cited "the acquisition of 23 new stores, our latest being Portland State University Bookstore. We also dramatically expanded our industry-leading rental program with our commercial accounts."
Nebraska Book Company operates 251 college stores, has 2,500 bookstore customers for its textbook division and has 1,600 technology platforms and e-commerce sites used by various bookstores. During the past year, the company said it planned to focus on on-campus college stores and thus closed about 40 off-campus stores.