In 1973, the Chemical Rubber Company sold their manufacturing division and related activities. Concentrating exclusively on publishing, the name was changed to CRC Press, Inc. In 1986, CRC was purchased by Times Mirror Company and subsequently expanded its product line to include a broad range of textbooks and references for scientific, medical, and technical professionals. Information Ventures LLC, in partnership with Warburg Pincus, purchased CRC Press in January 1997 and changed its name to CRC Press LLC. CRC Press became a publicly held company under the ownership of Information Holdings, Inc (IHI) in August 1998. In April 2003, one great tradition joined another as CRC Press became part of the Taylor & Francis Group of companies. Founded in 1798, Taylor & Francis is a leading international academic publisher devoted to disseminating scholarly information of the highest quality.