WHITE PLAINS, NY, March 1, 2003 — Haights Cross Communications, a privately held, leading educational and library publisher, today announced it has sold Andrews Publications to West, a business of The Thomson Corporation (TSX:TOC; NYSE:TOC). Located near Philadelphia, Andrews is a 30-year-old publisher of litigation reporters for legal professionals. The transaction was managed by Whitestone Communications, Inc. (New York, NY). Terms were not disclosed.
"The divestiture of Andrews Publications supports Haights Cross Communications' strategy to focus exclusively on educational and library publishing," said Peter J. Quandt, Chairman and CEO of Haights Cross. "We are pleased to have placed Andrews Publications with West, the foremost provider of integrated information solutions to the U.S. legal market. Andrews' litigation content combined with West's existing portfolio of innovative legal products and services will result in robust current-awareness offerings for legal customers."
West will maintain Andrews Publications' office in Wayne, PA.
Founded in 1997 and based in White Plains, NY, Haights Cross Communications is a premier educational and professional publisher dedicated to creating the finest books, audio products, periodicals, software and online services, serving the following markets: K-12 supplemental education, public and school library publishing, audiobooks, and legal and medical publishing. Haights Cross companies include: Sundance Publishing/ Newbridge Educational Publishers (Littleton, MA), Triumph Learning (New York, NY), Recorded Books (Prince Frederick, MD), Chelsea House Publishers (Broomall, PA), and Oakstone Publishing (Birmingham, AL). Haights Cross investors include Great Hill Partners and CSFB (formerly DLJ Merchant Banking Partners, L.P.) For more information visit www.haightscross.com.
