Benzinga | Dec 6, 2021 08:12AM EST

Educational Development Corporation Announces Strategic Acquisition Of Learning Wrap-Ups; Terms Not Disclosed

Educational Development Corporation (NASDAQ:EDUC) ("EDC", or the "Company") today announced that the Company has completed the purchase of Learning Wrap-Ups, Inc.

"We are pleased to have completed the previously announced acquisition of Learning Wrap-Ups, Inc. and have the entire LWU staff, led by Ron and Rich Stuart, join our EDC family. We have been working with Learning Wrap-Ups since 1995 and believe their manipulative learning products to be first in class and round out our suite of educational products. Ron has joined us as our Learning Wrap-Ups Product Manager and Rich joins us as our Learning Wrap-Ups Sales Manager. Both Ron and Rich will continue their past efforts focused on selling Learning Wrap-Ups and Learning Palette products, which we expect to augment through our existing Retail and UBAM sales channels."

Mr. White concluded, "In addition to increased Learning Wrap-Ups product sales, we expect to see some margin improvement moving forward as well."