Cottage Door Press Buying Parragon Rights

Cottage Door Press, which publishes children's books for the infant to preschool market, is buying "a substantial portion of worldwide intellectual property rights" of Parragon.

Parragon publishes children's books, toys, and gifts, including the Little Learners, Start Little Learn Big and Factivity series--in more than 25 languages and in more than 35 global markets.

"When Parragon announced its strategic decision to cease operations, we recognized our strong synergies and the unique opportunity to expand into new categories and markets," Cottage Door Press owner and founder Richard G. Maddrell said. "Parragon has built strong partnerships and an incredible collection of assets that we are honored to incorporate into our portfolio and carry on in the marketplace."

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