MEDIA RELEASE PR35342
RISI Announces Its Acquisition by United Business Media (UBM)
BOSTON, July 9 /PRNewswire-AsiaNet/ --
Mike Coffey Confirmed as RISI's Chief Executive Officer
RISI, the leading information provider for the global forest products
industry, today announced that it has been fully acquired by United Business
Media (UBM). UBM previously owned 52% of RISI. As a result of this
transaction, RISI is now effectively owned and controlled 100% by UBM.
RISI provides market data, pricing, news, forecasts, analysis and
benchmarking services on the global forest product industry. The company is
also the leading provider of marketing services in the sector through its
events, magazines and websites.
These online and printed products and services are essential to the
strategic planning and workflow of businesses operating throughout the forest
product industry, as well as the industry's suppliers and customers. RISI's
headquarters are based in Bedford, Mass. with principal satellite offices in
Brussels, San Francisco, Atlanta, Sao Paulo, and Shanghai.
UBM also formally confirms the appointment of Mike Coffey as RISI's Chief
Executive Officer. Mike joined RISI as Chief Information Officer in April 2007
and has more recently served as the business's Chief Operating Officer. Mike
brings an unwavering customer focus to RISI and a commitment to expanding
RISI's portfolio to ensure it has the highest quality content, data, and
marketing services products in the forest products sector. Mike succeeds John
Day who was appointed to the post of Chief Executive Officer of UBM Global
Trade in May 2009.
Mike Coffey, Chief Executive Officer of RISI said, "I'm thrilled about the
UBM investment in RISI. UBM is a high quality organization that is committed
to RISI and the forest products space through us. UBM has additional resources
to add to our already healthy business and the ability to help foster our
development in key content areas and ensure that we are evolving at a pace our
customers need."
About RISI
RISI is the leading information provider for the global forest products
industry. The company works with clients in the pulp and paper, wood products,
tissue, timber, non-wovens, printing and publishing industries to help them
make better decisions.
Headquartered in Boston (Bedford), Massachusetts, RISI operates offices in
Brussels, Belgium; Atlanta, Georgia; San Francisco, California; Portland,
Oregon; Sao Paulo, Brazil; Shanghai, China; Singapore; Helsinki, Finland; and
Charlottesville, Virginia. More information can be found at www.risi.com
About UBM
UBM focuses on two principal activities: worldwide information
distribution, targeting and monitoring; and, the development and monetization
of B2B communities and markets. UBM's businesses inform markets and serve
professional commercial communities -- from doctors to game developers, from
journalists to jewellery traders, from farmers to pharmacists -- with
integrated events, online, print and business information products. Our 6,500
staff in more than 30 countries are organized into specialist teams that serve
these communities, bringing buyers and sellers together, helping them to do
business and their markets to work effectively and efficiently.
Contact:
For inquiries on this release, please e-mail info@risi.com
SOURCE: RISI
CONTACT: Jen Rahall of RISI, +1-781-734-8949, info@risi.com
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