United Bus. Media buys paper industry info company.United Business Media (UBM UBM United Business Media Plc (London) UBM Under-Bump Metallization UBM UniCredit Banca Mobiliare S.p.A. (Italy) UBM United Bikers of Maine UBM Unbalanced Magnetron UBM Ultimate Building Machine ; London), through its RISI RISI Resource Information Systems Inc. RISI Residual InterSymbol Interference (Bedford, MA) unit, has acquired EU Consulting (Munich) a tissue paper product news, analysis, forecasting and consulting business serving the tissue, recovered paper and consumer packaging industries, for 375,000 [euro] from company founder/owner Esko Uutela. The purchase adds EU Consulting's publications "World Tissue Business Monitor," a quarterly information service, and "Outlook for the World Tissue Business" and "Outlook for Global Recovered Paper Markets," irregularly published reports, to RISI's existing portfolio of tissue industry products. UBM acquired a controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in RISI from private equity partner Pegasus Capital Advisors in January of this year. Previously, UBM had no other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. in the forest products market. RISI provides online and printed pricing and market news, analysis, information and benchmarking products and services targeted to companies operating throughout the forest product industry supply chain, including timber, pulp, paper and packaging producers, industry suppliers, consumer products companies and commercial printers. The company also produces a series of related annual events. Information products include "Pulp & Paper," a monthly magazine serving pulp, paper and paperboard manufacturers. With a controlled circulation of 40,000, it covers such topics as capital spending capital spending Spending for long-term assets such as factories, equipment, machinery, and buildings that permits the production of more goods and services in future years. , power and energy, pulping, coating, emerging technologies, papermaking and mill management. "P&P International" is a monthly magazine for pulp, paper and paperboard manufacturers in Europe, Asia, South America and Africa. Published since 1959, it has a controlled circulation of 15,000. Also, RISI also assumed management of the "IFPTA IFPTA International Forest Products Transport Association (founded 1982, California) Journal" in January 2007 from the International Forest Products Transportation Authority (IFPTA; New York). The quarterly magazine is written for transport professionals in the forest products sector. RISI also produces "Nonwoven non·wo·ven adj. Made by a process not involving weaving. Used of textiles. n. Material or a fabric made by a process not involving weaving. Markets," a twice-monthly newsletter covering news and trends in the global nonwovens industry, In related news, UBM has invested $2 million in eXalt Solutions, Inc. (Lowell, MA) in exchange for a 25% equity stake in the company and an option to purchase an additional 15%. The acquired company is a provider of on-demand, web-based services for IT solution sales. The company's Solutions Sales Platform will be implemented on CMP CMP (cytidine monophosphate): see cytosine. (1) (CMP Media LLC, Manhasset, NY, www.cmp.com) Part of United Business Media, CMP is a leading integrated media company that offers a wide variety of publications and services in the information Technology's ChannelWeb portal web site. |
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