RCL Benziger, a CFM Religion Publishing Division Acquires Silver Burdett Ginn Religion
CINCINNATI, September 6, 2007-RCL Publishing LLC ("RCL Benziger"), a CFM Religion Publishing Group LLC division, announced today that it has acquired the assets of Silver Burdett Ginn Religion, a Scott Foresman imprint, from Pearson Education, a division of Pearson plc (NYSE: PSO) based in Upper Saddle River, NJ. Silver Burdett Ginn Religion will become an integral part of the recently-formed RCL Benziger. Terms were not disclosed.
Silver Burdett Ginn Religion has a long history of producing sound catechetical resources for the Catholic parish and school market that are easy to use and in conformity with the teaching of the Catholic Church. Since the first publication over 30 years ago, SBGR's successful sacrament programs We Celebrate the Eucharist and We Celebrate Reconciliation have sold more than 2.5 million copies. Silver Burdett Ginn Religion also publishes Blest Are We, the popular religion series for preschool though junior high children, along with faith formation materials for people of all ages.
Matthew Thibeau, President and CEO of CFM Religion Publishing Group LLC states, "This is a first in the history of Catholic religion publishing. The combination of Silver Burdett Ginn Religion and RCL Benziger results in a publishing company that can provide products and services for the entire Catholic faith community in a more effective way than ever before."
"With Silver Burdett Ginn Religion now part of RCL Benziger, our ability to meet the needs of our partners in the ministry of Catholic education and faith formation will be unparalled. Being part of the CFM family of companies allows us to focus only on religion resources and more directly on the ministry of catechetical publishing," adds Maryann Nead, President of RCL Benziger.
CFM's mission is to provide the highest quality materials for lifelong faith formation. Headquartered in Cincinnati, Ohio, CFM is comprised of Standard Publishing, serving the non-denominational Christian market for over 140 years and RCL Benziger, serving the Catholic market for over 200 years. These companies are managed and operated independently to better serve their respective markets.
MESA served as financial advisor to CFM in connection with the transaction.