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dmg World Media sells show; seeks buyers.

dmg World Media (New York), a division of Daily Mail & General Trust plc., has sold the California Gift Show (CGS) to Merchandise Mart Properties, Inc (Chicago, IL), an owner and operator of showroom buildings and trade show facilities. No terms were given. Drag was represented in the deal by The Jordan, Edmiston Group (JEGI; New York). Also, dmg said it is seeking a buyer for its remaining U.S. West Coast and Canadian gift shows in San Francisco, Seattle and Toronto/Vancouver, respectively.

The company said it expects that the U.S. shows will be sold in one parcel and the Canadian shows and that talks "are underway with potential buyers." dmg World Media acquired the Canadian gift shows as part of Southex, its first major acquisition in North America, in 1998. The other three west coast shows were acquired from Western Exhibitors in 2001.

Sicne the completion of a strategic review in 2007, drag World Media has been realigning its North American business by divesting consumer based products and, to a lesser extent, some regional trade businesses. The first major transaction was the sale of GLM, a gift tradeshow organizer, in October 2007. That was followed by the sale of the company's 38 North American consumer home shows to marketplace Events in July 2008. drag executive Alan Steel said that "in the future, our focus will be on national events, national audiences and national trends."

The company continues to operate digital marketing, technology events and web sites for the North American market, including ad:tech, iMedia and Evanta, oil and gas products such as the Global Petroleum Show, and consumer goods shows, such as the New York International Gift Fair and the International Contemporary Furniture Fair, among others. The company also produced over 25 trade magazines for global and national audiences across a number of sectors, including such titles as "Future Fuels Magazine," "Pipeline Magazine," Specialty Chemicals Magazine" and "Furnaces International," among others.
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Publication:Business Publisher
Date:Jun 1, 2009
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