Business News

RISI Announces Its Acquisition by United Business Media (UBM)

Thursday 09. July 2009 - Mike Coffey Confirmed as RISI's Chief Executive Officer

RISI, the leading information provider for the global forest products industry, today announced that it has been fully acquired by United Business Media (UBM). UBM previously owned 52% of RISI. As a result of this transaction, RISI is now effectively owned and controlled 100% by UBM.

RISI provides market data, pricing, news, forecasts, analysis and benchmarking services on the global forest product industry. The company is also the leading provider of marketing services in the sector through its events, magazines and websites.

These online and printed products and services are essential to the strategic planning and workflow of businesses operating throughout the forest product industry, as well as the industry’s suppliers and customers. RISI’s headquarters are based in Bedford, Mass. with principal satellite offices in Brussels, San Francisco, Atlanta, Sao Paulo, and Shanghai.

UBM also formally confirms the appointment of Mike Coffey as RISI’s Chief Executive Officer. Mike joined RISI as Chief Information Officer in April 2007 and has more recently served as the business’s Chief Operating Officer. Mike brings an unwavering customer focus to RISI and a commitment to expanding RISI’s portfolio to ensure it has the highest quality content, data, and marketing services products in the forest products sector. Mike succeeds John Day who was appointed to the post of Chief Executive Officer of UBM Global Trade in May 2009.

Mike Coffey, Chief Executive Officer of RISI said, “I’m thrilled about the UBM investment in RISI. UBM is a high quality organization that is committed to RISI and the forest products space through us. UBM has additional resources to add to our already healthy business and the ability to help foster our development in key content areas and ensure that we are evolving at a pace our customers need.”