News this week: dmg events, a subsidiary
of the London-listed Daily Mail and General
Trust plc, has acquired a significant share in Quartz Coatings Ltd, a B2B media specialist
in paint and coatings exhibitions and publications. Financial details of the
deal were not disclosed. Quartz will retain its business media and chemical
operations. These appear to be largely the same events that dmg
events sold to Quartz in August 2009.
U.K.-based Quartz Coatings owns and organises five
international coating events located in Thailand, Indonesia, Vietnam, Mexico and Morocco. The company also
manages the Middle East
Coatings Show on behalf of dmg events. Quartz also publishes two industry titles,
the monthly Polymers Paint Colour Journal, and
the Asia Pacific Coatings Journal which is published every two
months.
Geoff Dickinson, CEO of dmg events, commented, “The coatings
sector is a fast growing specialist market that complements our Big 5 construction
events. It allows us to develop our existing Middle East Coatings Show and is
in line with our desire to build our presence in the South East Asia and Latin
America through geo-cloning and strategic acquisitions.”
This post is excerpted from BSG's weekly e-newsletter
which is part of our subscription research service, BSG Tracker. Visit our website
to find out more about this service. You can also follow us on Twitter
for all the latest updates.
No comments:
Post a Comment