Paperloop sells Tissue World franchise as part of strategy to focus on information products
BOSTON, Feb. 1, 2005 - Paperloop announced today that it has sold the Tissue World franchise to CMP Asia, a subsidiary of United Business Media. The Tissue World franchise includes the premier exhibitions and conferences for the international tissue industry held in China, France, and the United States, along with Tissue World magazine. CMP Asia and Paperloop have collaborated on other trade shows and events and will continue to look for shared opportunities in the future.
The sale of the Tissue World franchise will enable Paperloop to dedicate additional resources to its core focus of providing a wide range of information products to the international pulp and paper, wood products/timber, and tissue/nonwovens markets. A number of strategic initiatives are being launched to expand both geographic and product coverage.
Paperloop President and CEO, Ian Johnston, said "the Tissue World events and publications are top-quality products and we are sure they will continue to thrive under the ownership of CMP Asia. The strategic thrust of Paperloop is to extend its position as the leading provider of information products for and about the international forest products industry and related sectors, leading to the decision to divest the Tissue World franchise and to build or acquire subscription-based information services in allied industries."
Paperloop was represented in this transaction by The Jordan, Edmiston Group, Inc. (JEGI), a New York City based investment banking firm for the media and information industries.
About Paperloop
Paperloop's mission is to provide the most valued information for and about the paper, pulp, forest, converting and allied industries. This is achieved through leading industry publications such as the Pulp & Paper and PPI family of magazines and newsletters; RISI, experts in paper/forest products analysis and forecasts; Paperloop Benchmarking; and the foremost website for the paper industry, www.paperloop.com