Penton Acquires Industrial Shows of America; 24 Trade Shows Added to Portfolio.CLEVELAND--(BUSINESS WIRE)--Dec. 4, 1997--Penton Publishing, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Chicago-based Pittway Corporation, today completed the acquisition of Industrial Shows of America (ISOA ISOA Institute for the Study of the Americas ISOA its successors or assigns (legal) ISOA In Search Of Apollo (UK band) ) and Industrial Shows of America/International (ISOI). ISOA/ISOI is a privately-held Baltimore, MD-based producer of industrial trade shows in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . The acquisition adds 24 trade shows to Penton's existing roster of 25 trade show and conference events. ISOA/ISOI shows include: the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Warehousing & Distribution Exposition & Conference (NAWDEC); 20 regional industrial trade shows held in major U.S. cities; and the USA/Mexico Industrial Show, which takes place in Monterrey, Mexico. In addition, the acquisition includes two joint ventures: LaBevEx, which serves the Latin American beverage products market; and AHR/Mexico, designed for the Latin American heating/ventilating/air conditioning market. "ISOA/ISOI is an excellent addition to Penton," said Chairman and Chief Executive Officer Thomas L. Kemp n. 1. Coarse, rough hair in wool or fur, injuring its quality. . "Its events complement several of Penton's market-leading magazines and on-line information products, and enhance our ability to provide professionals in manufacturing, mechanical engineering, and supply chain markets with a broader array of information products, and to offer marketers a more comprehensive network of promotional opportunities." Kemp added that the acquisition advances Penton's growth strategy. "Our objective is to grow Penton by being the dominant provider of information products and marketing services in select markets," he said. "We are capturing this dominant market position by providing our customers with a full array of products and services. Our offerings are expanding rapidly as we develop new products, acquire businesses that represent a strong strategic fit with our portfolio, and establish strategic business partnerships both domestically and abroad." ISOA's regional industrial trade shows and Penton's American Machinist and New Equipment Digest magazines combine in serving the durable goods durable goods Goods, such as appliances and automobiles, that have a useful life over a number of periods. Firms that produce durable goods are often subject to wide fluctuations in sales and profits. Also called consumer durables. manufacturing and plant engineering and operations markets. ISOA's NAWDEC and Penton's Transportation & Distribution and Material Handling Engineering represent a formidable product group targeted to the warehousing and supply chain markets. Founded in 1975, ISOA will continue to operate from its Baltimore offices. Susan Donahue, president, ISOA, and Charles Cross Charles Cross is the name of several notable people.
"ISOA/ISOI and Penton products are naturally complementary," said Donahue. "The synergy The enhanced result of two or more people, groups or organizations working together. In other words, one and one equals three! It comes from the Greek "synergia," which means joint work and cooperative action. between our Machine Tool Shows, our regional events and ISOA/ISOI and Penton's publications serve to create a formidable force in the trade show industry. We are excited about this opportunity and the dynamic potential for growth." Penton publishes 40 business and professional magazines, produces 49 trade and conference events shows (including the ISOA/ISOI acquisition), and produces an extensive portfolio of industry directories, digital information products and educational products. Headquartered in Cleveland, the company serves several market segments within the design and engineering, construction, electronics, government and compliance, foodservice and hospitality, management, manufacturing, and supply chain/aviation industries. EDITORS' NOTE: There is an "at" symbol before "penton.com" in the e-mail address See Internet address. e-mail address - electronic mail address below. This symbol may not appear properly in some systems. CONTACT: Penton Publishing, Cleveland Mary Abood, 216/931-9388 E-mail: mabood@penton.com |
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