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Financial publisher Euromoney has struck a deal to buy RISI, a US-based “price reporting agency for the global forest products markets.”
The $125m deal will give it full control over RISI, which was founded in 1985.
For those unfamiliar…
Its product suite consists of pricing data, mill intelligence and analytics as well as news, research and conferences covering the pulp, packaging, wood products, wood fibre and saw logs markets. Its price indices are critical to the daily business operations and trading activities of major paper and board, packaging and other forest-product companies.
Euromoney says its new target generated revenues of $29.6m in 2016. The deal is subject to regulatory approval.
CEO Andrew Rashbass said:
The acquisition of RISI is another important step in Euromoney’s strategy of building a portfolio of leading price reporting agencies in growing international markets. RISI is a very high-quality business which Euromoney is perfectly placed to grow further.
On a similar note, last year, Euromoney bought FastMarkets, a metals market information provider.