Forum Media Group Acquires Trade Press Media Group
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.
Trade Press Media Group, Inc., founded in 1915, is a business-to-business media company serving the commercial cleaning industry with Sanitary Maintenance, Contracting Profits and Facility Cleaning Decisions magazines and their web portal CleanLink.com. In addition, Trade Press owns publications, online media and events in the facilities management and the U.S. rail industry.
“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 Ronald Herkert, Chairman and owner of FORUM MEDIA GROUP, “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,” he said.
“For FMG, this is an important milestone towards our vision of becoming a globally recognized media company. I am excited to work with the U.S. team to take advantage of synergies that will drive our continuous mutual growth,” added supervising FORUM board member Roland Hradek.
As part of this transaction, Forum Media Group purchased 100 percent of Trade Press Media stock and also the joint venture that was created in 2000 by Trade Press Media and ROC Exhibitions, Lisle, Illinois, 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.
Key members of the cleaning brands will also remain. Rob Geissler will remain as Group Director and will retain all sales staff members. Dan Weltin will continue as Editor-in-Chief of Sanitary Maintenance and Contracting Profits magazines. And Corinne Zudonyi will stay on as Editor-in-Chief of Facility Cleaning Decisions magazine and CleanLink.com. All additional editorial and supporting staff will also remain.
Terms of the transaction were not disclosed.
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