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Peter Power/The Globe and Mail
Toronto online company Tophatmonocle Corp. is stepping up efforts to transform the postsecondary textbook trade into a digital business.
On Wednesday the company, known as Top Hat, will announce its purchase of textbook publisher Fountainhead Press of Dallas for an undisclosed sum, its third acquisition of the past year. That follows its purchase last May of the university textbook publishing business of Nelson Education Ltd., Canada’s largest education publisher, and a deal in August for Minneapolis-based science lab and course material publisher bluedoor. Each transaction is believed to have cost Top Hat US$20-million to US$30-million.