London, England – The streamlining of dmg world media’s portfolio continued August 11 with the announcement of the sale of a majority of its Britain-based events and publishing business to Quartz Business Media Ltd. (QBM).
The sale, which will be completed in mid-September, includes nine of dmg’s 17 events and nine of its 12 publications in the industrial-based chemicals, glass, metals, coatings and commodities sectors.
Mike Cooke, CEO of dmg, said the divestiture was the latest step in the company’s strategy to refocus on trade events. “Redhill is a good business on its own, but as our strategic direction has taken us away from publishing, we decided to sell it,” he said.
The events acquired by QBM were:
- Asia Pacific Coatings Show
- North African Coatings Congress
- Korean Coatings Show
- Latin American Coatings Show
- Asia Coatings Forum
- World Tobacco (Asia, India and Middle East)
- Oils and Fats (Asia and Middle East)
- Chemspec (Europe, India and Middle East)
- Glassman (Asia, Europe, North America and South America)
The shows will be added to QBM’s roster of six events, including IMHX, The Cleaning Show and WINDEX.
The sale did not include dmg’s Gastech group or Middle East Coatings Show, which QBM will manage on behalf of dmg. dmg’s technology and digital marketing group in Britain, which includes ad:tech, iMedia and Evanta, were also not part of the transaction.