Handleman Selling Operations To Anderson Merchandiser
July 31, 2008 at 5:29 AM (PT)
HANDLEMAN CO. has entered into definitive agreement to sell its CANADIAN music operations to ANDERSON MERCHANDISERS, L.P . of AMARILLO, TX. The sale includes HANDLEMAN's music inventory and other assets related to its CANADIAN operations.
ANDERSON will also be retaining HANDLEMAN's CANADIAN workforce of about 230 employees. Completion of the sale will occur shortly after receipt of CANADIAN regulatory approval, which is expected soon.