6th Sep 2010 07:00
UBM agrees to acquire UM Paper for up to $880,000
Expands RISI's paper industry pricing and intelligence business in China
United Business Media Limited today announces that it has agreed to acquire UM Paper, an information and analytical services business, from Samwell Group on behalf of RISI, UBM's forestry and paper industry intelligence business (www.risi.com) for an initial cash consideration of $440,000 and a further performance-related consideration of up to $440,000 payable over the next two years. For regulatory reasons, the transaction will be implemented through a nominee on behalf of RISI and is subject to registration in the PRC. The transaction is expected to complete within the next two weeks.
Based in Shanghai and employing eleven staff, UM Paper provides its China-based customers with paper industry information and pricing intelligence, notably regional and historic pricing trends in paper commodities. UM Paper's principal subscription newsletter is distributed to subscribers drawn from across the paper industry, including plant operators and converters (box and envelope makers, publishers, printers) and other professionals involved in the paper product markets. Samwell Group's Chairlady Elaine Zhang will remain with the business as a senior advisor. The business is expected to generate revenues of approximately $300,000 in 2010.
In 2009 China became the world's largest market for forest products and is expected to generate more than half the industry's growth over the next 20 years. The acquisition of UM Paper is highly complementary to RISI's existing presence in China, which is delivered by a team of 17 employees in Shanghai and Beijing. UM Paper expands RISI's capabilities and products both on and for the China market, as well as providing an established sales and marketing network to bring RISI's authoritative content, products and services to the Chinese market.
Mike Coffey, CEO of RISI, said:
"I am very pleased to welcome both the UM Paper team to RISI and also our newsenior adviser Elaine Zhang as we look to develop our services in China. Thecombination of our two businesses offers terrific advantages to our customers:UM Paper customers gain access to a range of new RISI products and services,and we are able to enhance RISI's existing product and service offering in bothChina and worldwide. Most importantly, UM Paper helps us toward fulfilling ourambition to become the leading information provider for the paper and boardindustry in China." - Ends - ContactsMedia Peter Bancroft Director of Communications E-mail [email protected] Direct telephone +44 20 7921 5961 Chris Barrie Citigate Dewe Rogerson E-mail [email protected] Direct telephone +44 20 7282 2943 Mobile +44 796 872 72 89 Analysts/Investors Email [email protected] Direct telephone +44 20 7921 5095 Andrew Crow +44 20 7921 5940 Notes to Editors1. UBM
UBM focuses on two principal activities: worldwide information distribution, targeting and monitoring; and, the development and monetisation 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 5,900 staff in more than 30 countries are organised 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.
For more information, go to www.ubm.com
2. 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, timber, biomass, tissue, nonwovens, 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; S£o Paulo, Brazil; Shanghai, China; Singapore; Helsinki, Finland; and Charlottesville, Virginia.
For more information, go to www.risi.com
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