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FOR IMMEDIATE RELEASE
FORUM MEDIA GROUP Acquires Trade Press Media Group, Inc. including its Facilities Management Print, Digital and Events Portfolio.
January 30, 2018 — MILWAUKEE, Wisconsin — Trade Press Media Group, Inc., a 100+ year old Milwaukee-based business media company has been acquired by FORUM MEDIA GROUP, headquartered in Merching, Germany.
Founded in 1915, Trade Press Media Group, Inc., is a business-to-business media company serving the facilities management market with Building Operating Management, Facility Maintenance Decisions, FacilitiesNet.com, NFMT Baltimore/Orlando & Las Vegas and the Critical Facilities Summit.
"After almost thirty years as CEO and owner, I'm excited and pleased to turn over control of our company to FORUM MEDIA GROUP which has a global footprint with operating subsidiaries in seventeen countries. For Trade Press staff members, I'm also particularly pleased to have found a buyer committed to maintaining the Milwaukee office, positioning it as their foothold for entering the U.S. market. FORUM is a company that is known for its excellence, mirroring our own firm's reputation for market leadership and for quality", said Bob Wisniewski.
For Forum Media Group Chairman Ronald Herkert, the acquisition marks an ideal starting point for FMG's foray into the U.S. market.
"We are very happy to welcome Trade Press Media Group into the Forum family and look forward to continue together the proud history of this long-standing company," said Herkert.
"For FMG, this is an important milestone towards our vision of becoming a globally recognized media company," added Roland Hradek, supervising Forum board member. "I am excited to work with the U.S. team to take advantage of synergies that will drive our continuous mutual growth."
As part of this transaction, Forum Media Group purchased 100% of Trade Press Media stock and the joint venture that was created in 2000 by Trade Press Media and ROC Exhibitions, Lisle, IL to organize and produce the NFMT Conference & Exposition and the Critical Facilities Summit.
Jeffrey J. Schenk, COO of Trade Press Media Group will immediately assume the position of CEO/General Manager. The company will operate as a subsidiary of FORUM MEDIA GROUP. "The team that has successfully built Trade Press Media Group's market leading facilities product portfolio will remain in place, said Schenk. "This continuity enables us to continue to connect facilities product suppliers with facilities professionals throughout the United States. And with the addition of new resources we are positioned to help facility industry suppliers build deeper relationships with end-users whether it's in print, online or in-person "
For more information contact:
Jeffrey J. Schenk
CEO/General Manager
Trade Press Media Group
jeff.schenk@tradepress.com
414-228-7701
Roland Hradek
Board Member
FORUM MEDIA GROUP
roland.hradek@forum-media.com
+49 711-55-349-15
Ronald Herkert
Founder and Chairman
FORUM MEDIA GROUP
+49 8233 381 386
About Trade Press Media Group
Headquartered in Milwaukee, WI, Trade Press Media Group, Inc. is an integrated media company which owns print and online media, conferences and trade shows. Brands include Building Operating Management, Facility Maintenance Decisions, NFMT Baltimore/Orlando & Las Vegas and the Critical Facilities Summit, Facility Cleaning Decisions, Sanitary Maintenance, Contracting Profits, Progressive Railroading magazines and FacilitiesNet.com, CleanLink.com, Progressive Railroading.com, the RailTrends Conference and the Secure Rail Conference. For more information, visit: http://www.tradepress.com
About FORUM MEDIA GROUP
Information, education and entertainment are the business fields FORUM MEDIA GROUP specializes in. Located near Munich, Germany, the company was established in 1988 and is based in 17 countries on 4 continents. The product range includes print and online media as well as software products and professional training. FMG employs 1,200 people worldwide. For more information, visit: http://www.forum-media.com.
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