Friday, February 07, 2014

dmg events buys back its coatings business

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.”

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