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Courier Corp. Acquires Publisher

January 2004
NORTH CHELMSFORD, MA—Book manufacturer and publisher Courier Corp. announced it has signed a definitive agreement to acquire Research & Education Association (REA), a privately held publisher of test preparation and study guide books and software for high school, college, graduate students and professionals.

The assets of Piscataway, NJ-based REA are being acquired for an undisclosed cash amount. It publishes in excess of 800 titles spanning a broad range of academic content, most of which it owns outright.

"REA has been a pioneer in the development of accessible, yet academically sound, study guides for students at all levels," notes James F. Conway III, chairman, president and CEO of Courier.

Upon completion of the acquisition, REA will operate autonomously under Courier's ownership while retaining all 42 employees. REA founder and President Dr. Max Fogiel will relinquish day-to-day operations, but will provide editorial support for new REA titles.

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