Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Chemical Week Associates To Acquire Modern Plastic

Chemical Week Associates Enters Agreement To Acquire Modern Plastics, Chemical Engineering

Chemical Week Associates, through its affiliate Chemical Week Publishing, has entered into an agreement to acquire the magazine titles Modern Plastics, Modern Plastics International, Modern Mold and Tooling and Chemical Engineering from the McGraw Hill Companies. Chemical Week Associates is a business-to-business media platform company of VSA Communications Partners Fund II, a private equity fund affiliated with Veronis, Suhler and Associates, the leading communications and media investment bank.

"These acquisitions are very significant for our company and for the markets we serve," says Michael Silber, President and Chief Operating Officer of Chemical Week. "Chemical Week Associates is one of the strongest information companies in the worldwide chemical industry. Modern Plastics, Modern Plastics International, Modern Mold and Tooling and Chemical Engineering are powerful market leaders in their respective segments.

Silber says the acquisitions nearly triple the size of Chemical Week Associates and dramatically expand its market presence. "Plastics is the single largest product segment in the chemical industry, but an area where we previously had limited presence," he says. "Chemical Engineering gives us the leading magazine for engineers, plant managers and product development managers -- another area where we did not have a leading position. These properties also bring with them strong trade shows and other ancillary products."

"The acquisitions will enable Chemical Week Associates to provide information products to the entire global chemical industry-from the boardroom to the plant and for the most important downstream product niches," says Silber. "Because we have concentrated all our acquisition and growth activity on our served market of chemicals, we have a focus and expertise that is second to none." Over the last year, Chemical Week Associates has acquired or launched five niche magazines that focus on critical but narrow industry niches. Chemical Week now publishes 8 magazines, 5 newsletters, and produces 16 conferences and trade shows worldwide. "What makes this acquisition particularly meaningful is that since all of our products serve the chemical industry, we have a tremendous shared knowledge base," said Silber. "All of our staffs will be able to work with each other to react quickly to market dynamics and to position our magazines." He pointed out that a company with a presence in diverse markets would not have this advantage.

"With its expanded portfolio of products, Chemical Week Associates will be able to create high-quality vibrant magazines, and offer comprehensive marketing packages to both readers and marketers who want to deliver unique messages to different segments of the chemical industry," Silber says. The company will be in a strong position to offer attractive subscription packages to readers, and multiple trade shows and conferences to companies.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news