Peerless Media and CFE Media, two firms formed by former Reed Business Information (RBI) executives, have recently acquired some of the titles closed by RBI parent Reed Elsevier, US, last month.
Peerless Media, which was formed by managers of the former RBI supply chain group, has acquired Logistics Management, Material Handling Product News, Modern Materials Handling and Supply Chain Management Review from Reed Elsevier. CFE Media, formed by former RBI publishers Jim Langhenry and Steven Rourke, has acquired Control Engineering, Consulting-Specifying Engineer and Plant Engineering. The financial terms of neither deal was disclosed.
Peerless operates as a subsidiary of EH Publishing, a publisher of magazines, events and digital products focused on the technology and construction industries.
According to industry observers, more such management buyouts are being negotiated for the 16 other RBI titles shuttered by Reed Elsevier.
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