26th Mar 2007 07:00
United Business Media acquires EU Consulting Establishes RISI as global leader in tissue product news, analysis and forecasting
United Business Media Plc today announces that it has acquired EU Consulting for ¢â€š¬375,000 from Esko Uutela. EU Consulting is a highly complementary bolt-on acquisition for RISI, Inc, the UBM majority-owned information provider for the global forest products industry.
EU Consulting is a Finland-based tissue product news, analysis, forecasting and consultancy business serving the tissue, recovered paper and consumer packaging industries. The acquisition adds EU Consulting's publications World Tissue Business Monitor and Outlook for the World Tissue Business to RISI's existing portfolio of tissue industry products which currently includes Tissue Monitor and World Tissue Forecast. EU Consulting's Outlook for Global Recovered Paper Markets will also supplement RISI's offering for the recovered paper and fibre business.
EU Consulting's owner and founder, Esko Uutela (an industry expert with over 30 years of experience) will continue to be actively involved in the day-to-day activities of the publications and in RISI's tissue and recovered paper businesses.
John Day, Chief Executive Officer of RISI, Inc said:
"This acquisition enables RISI to provide superior coverage of news, price data and forecast services to an industry which is both growing and globalising, firmly establishing RISI as the most comprehensive source of information in this market. The acquisition of EU Consulting continues RISI's strategy of acquiring selected companies that help move us towards our goal of being the leading information provider in each of the industries we serve."
- 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 Notes to Editors
About United Business Media Plc United Business Media Plc is a leading global business media company. We inform markets and bring the world's buyers and sellers together at events, online, in print, and with the information they need to do business successfully. We focus on serving professional commercial communities, from doctors to game developers, from journalists to jewellery dealers, from farmers to pharmacists around the world. Our 5,000 staff in more than 30 countries are organised into specialist teams that serve these communities, helping them to do business and their markets to work effectively and efficiently.
For more information, go to www.unitedbusinessmedia.com
About RISI, Inc RISI is the leading information provider for the global forest products industry. RISI works with clients in the pulp and paper, wood products, tissue, timber, 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; Shanghai, China; Singapore; and Charlottesville, Virginia.
On its acquisition of a controlling stake in RISI, Inc in January 2007, UBM noted that RISI, Inc represented the nucleus of a new division which UBM aimed grow through the acquisition of complementary businesses and assets, and by investing in RISI's organic growth, supported by UBM's existing worldwide infrastructure, expertise and experience.
For more information, go to www.risiinfo.com.
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