London-based Interactive Publishing has acquired consumer publisher Scissorhands Media from Financial One Securities for up to £500,000.

London-based Interactive Publishing has acquired consumer publisher Scissorhands Media from Financial One Securities for up to £500,000.

Scissorhands Media specialises in consumer titles for the hair and beauty industries. Across its titles, the company achieves an average circulation of 161,000 copies per issue. The deal comes after Interactive Publishing acquired Sailing Today publisher Marine Media in August.

Justin Sanders, CEO of Interactive Publishing, said: ‘This latest acquisition is expected to increase our annual revenues by around £1,750,000… and provide an immediate contribution to group earnings and cash flow.’

Interactive Publishing reported revenue of £3.3 million and a pre-tax loss of £83,772 in the six months to December 2008.