Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

TC Media acquires Somabec, a pan-Canadian distributor of French-language books, and publishing house Edisem

MONTRÉAL, Oct. 02, 2018 (GLOBE NEWSWIRE) -- TC Media announces today the acquisition of Somabec, owned by Stéphan Rhéaume, a distributor of French-language specialty and trade books, whose offices are located in Saint-Hyacinthe, Québec. Founded in 1968, this reputable company represents over 100 European and Canadian publishers and offers more than 50,000 titles spanning the fields of technical training, science, medicine and social science. In addition, the transaction includes the acquisition of publishing house Edisem, also owned by Mr. Rhéaume, which particularly specializes in the publication of medical books.

“Building on our long-standing success in book publishing and distribution in Canada, today we are proud to acquire Somabec and Edisem,” said Patrick Lutzy, General Manager of TC Media Books Inc. “These strategic additions will enable us, among other things, to optimize our offering in the higher education markets, as well as increase our position among the leaders in this field. We are very pleased to represent the publishers that are distributed by Somabec as well as the authors published by Edisem, in addition to ensuring the continuity of these companies. The quality work accomplished by Stéphan Rhéaume and his team provides us with a solid foundation for new development opportunities.”

Stéphan Rhéaume, President of Somabec and Edisem, added: “I am delighted with this transaction completed with TC Media, whose people have extensive experience, with a vision and objectives aimed at the continued success of our activities. Somabec has long had an enviable position in the country within its sector of activity, and, going forward, this company will continue on this path with TC Media Books. It is with the same passion for our work that my employees and I have contributed to the growth and reputation of Somabec and Edisem, and today’s transaction is a step towards continuity. I also would like to thank our distributed publishers, authors and customers for their loyalty and trust over the years.”

About TC Media Books Inc.

TC Media Books Inc. comprises Chenelière Éducation, Éditions Caractère, Éditions Transcontinental and Groupe Modulo, as well as the distribution activities of TC Media. Chenelière Éducation, the largest publisher of French-language educational resources in Canada, has published over 2,500 authors at every level of the education system, from preschool through university, including adult education, vocational training and teacher development. Groupe Modulo is also a renowned publisher for every level of the education system. Les Éditions Caractère is Québec's leader in the French-language supplemental educational material market and Les Éditions Transcontinental offers numerous publications in the self-improvement, career management, consumer, health, parenting and couple relationship segments.

About TC Media

TC Media, the Media Sector of Transcontinental Inc. (TSX:TCL.A TCL.B), which employs close to 400 people, is a leader in its specialty media segments in Canada, with flagship brands catering to the business, financial and construction sectors, including an event planning component. TC Media is also positioned as Canada's largest publisher of French-language educational resources.

For information:

Media                                                                                                                    

For TC Media
Nathalie St-Jean
Senior Advisor, Corporate Communications
TC Transcontinental
Telephone: 514-954-3581                                                                               
[email protected]
www.tc.tc

Financial Community
Mathieu Hébert
Director, Financial Analysis and Treasury
TC Transcontinental
Telephone: 514-954-4029
[email protected]
www.tc.tc

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).