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FOR IMMEDIATE RELEASE |
April 25, 2007 |
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| For further information, Contact: Mike Domke, president, Milo Media (847) 852-4387, ext. 101 Barrington, Illinois – Milo Media, a trade publishing company based in Barrington, Ill., is pleased to announce its acquisition of the Construction/Industrial Division of Cleveland-based Summit Business Media. The acquisition includes Summit Business Media’s business-to-business trade magazines that serve the industrial maintenance, repair and operations (MRO) and commercial construction markets. The group’s titles include Contractor Tools and Supplies, Construction Purchasing, MRO Today, Progressive Distributor magazines and their Web sites and other marketing services. Headquartered in Fort Atkinson, Wis., the publications were previously part of Pfingsten Publishing, which was acquired by Summit Business Media in November 2006. “We originally approached Pfingsten about acquiring its Construction/Industrial Division more than a year ago,” said Milo Media president Mike Domke. “Pfingsten elected to sell its entire company as a group rather than sell individual titles. Once the Pfingsten Publishing acquisition was complete, we approached Summit about acquiring the Division. We are pleased to have the opportunity to finally welcome the Construction/Industrial Division publications and staff to our publishing team.” In addition to the four B2B magazines that serve end-user customers and distributors of a wide range of products and services used on construction job sites and in industrial facilities throughout North America, the Fort Atkinson publishing group also operates the Web sites ContractorToolsandSupplies.com, MROToday.com, ProgressiveDistributor.com and Construction-Purchasing.com, distributes targeted e-mail newsletters, and has a long history of producing single-sponsored publications for leading U.S. manufacturers in a variety of industries. “The acquisition of this group and these businesses will significantly increase our penetration into the construction and industrial markets and add to the platform we have already developed with Milo Media. We now have publications that serve a combined audience in these associated markets of nearly 400,000,” Domke said. Milo Media is a specialty niche publisher covering the construction and utility markets. It publishes Utility & Telecom Fleets, Telecom Infrastructure, Lift Applications & Equipment, CraneWorks and Fuel Cell magazines and produces the Aerial Platform Safety Conference, Crane & Hoist Conference and Fuel Cell Conference. “Our focus at Milo Media has always been to deliver the best and most critical information to readers in each of the industries we serve,” said Domke. “By adding the Fort Atkinson-based publications to our existing portfolio, we believe we can generate additional value to our advertisers and our readers. We’re excited about the opportunities ahead as we merge the new employees and publications into our growing company.” |
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