1st Feb 2005 16:17
For immediate release 1st February 2005 United Business Media acquires leading paper-industry events United Business Media announced today that it has acquired the Tissue Worldevents and publication from Paperloop. The series of Tissue World exhibitionsand conferences, currently held in France, the USA and China, are the premierevents for the world's manufacturers, suppliers and buyers of tissue paper.These events and the supporting publication, also called Tissue World, willbecome part of CMP Asia, a subsidiary of United Business Media, where they willcomplement the trade exhibitions CMP Asia already organises for the paper andrelated industries in Singapore and China. CMP Asia is one of the biggest tradeexhibition organisers in the region, holding over 70 events, and also organisesexhibitions in Europe and America.Paperloop is a leading news and information provider for the pulp, paper andallied industries. UBM has a 37.2 per cent stake in Paperloop.The purchase price is approximately $4.5 million - being in part subject to theoutcome of a forthcoming exhibition. The three Tissue World events are held ina biennial sequence with an annualised turnover of approximately $2.5 million.CMP Asia CEO, Peter Sutton said"The Tissue World events are the established meeting places for this highlyspecialised sector of the paper industry and they will strengthen CMP Asia'sexisting trade fairs serving this global business. The first and biggest TissueWorld event in France is complemented by newer editions in the USA and China,and the growth prospects are encouraging."For further information, please contact:Michael Waring United Business Media 020 7921 5031 Colin Browne The Maitland Consultancy 020 7379 5151 Notes to Editors:Related websites:www.tissueworld.comwww.paperloop.comwww.cmpasia.comCMP AsiaCMP Asia is a leading trade fair organiser in the region and a provider ofbusiness-to-business information, through its publications and websites. Withits headquarters in Hong Kong, CMP Asia has over 400 staff in 11 major citiesin Asia and the USA. It has over 80 media products comprising 70 trade showsheld in seven countries/regions, including the USA and in Europe, and 17publications with associated B2B websites.Specifically serving the international paper industry, CMP Asia's Singaporesubsidiary organises Asian Paper, an exhibition and conference held bienniallyin Singapore since 1992 and the leading event in South East Asia. It alsoco-organises the Shanghai International Nonwovens Conference and Exhibitionwith the China Nonwovens Technical Association. A biennial event, it is China'smost important meeting place for this industry. Nonwoven materials and tissuepaper are used together in some finished products.United Business Media plc (http://www.unitedbusinessmedia.com) is aleading provider of business information services to the technology,healthcare, media, automotive, financial services and property industries. UBMoffers services in news distribution, market research, publishing and events tocustomers across the globe. Its brands include PR Newswire, the world's leadingcorporate news distribution service; NOP World, one of the largest marketresearch groups globally; and CMP, the B2B media and exhibition group operatingin high tech, healthcare, property, entertainment, jewellery & fashion in theUS, UK, Asia and Europe. This press release includes statements which are not historical facts and areconsidered "forward-looking" within the meaning of Section 27 of the SecuritiesAct of 1933, as amended. These forward-looking statements reflect UBM's currentviews about future events, business and growth strategy and financialperformance. These forward-looking statements are identified by their use ofterms and phrases such as "believe," "expect," "plan," "anticipate," "ontarget" and similar expressions identifying forward-looking statements.Investors should not rely on forward-looking statements because they aresubject to a variety of risks, uncertainties and other factors that could causeactual results to differ materially from UBM's expectations. UBM expressly doesnot undertake any duty to update forward-looking statements. Management doesnot attempt to update forecasts unless conditions materially change.ENDRelated Shares:
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