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Construction-zone assets sold to Mcgraw-Hill.

McGraw-Hill Cos.' (New York) Construction Information Group (CIG) has acquired most of the assets of Construction-zone.com (c-z.com; New York) Web site for construction professionals. As per the agreement, CIG purchased only certain assets and has not assumed any of c-z.com's liability. No terms were given.

The acquired assets include 15 specialty areas (equipment, metals, concrete, masonry, etc.) that carry information on new products, product trends and new technologies. They will be integrated into CIG's construction. com's Building Product Center. CIG said that client product information will remain available to c-z.com's user database of over 100,000.

The site will be operated independently through the first quarter of 2002. CIG president Norbert Young said that, through the acquisition, "CIG will establish the most in-depth and powerful construction product database and search engine on the Internet."
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Title Annotation:Construction Information Group acquires assets of Construction-zone.com
Comment:Construction-zone assets sold to Mcgraw-Hill.(Construction Information Group acquires assets of Construction-zone.com)
Publication:Business Publisher
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 31, 2002
Words:138
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