Cygnus Business Media Seeks Buyer for Ag Group
FORT ATKINSON, Wis., February 22, 2013 – Cygnus Business Media today announced that it has retained the services of Corporate Solutions, Inc. to explore strategic alternatives for its Agriculture Group.
According to Cygnus CEO John French, the company is emerging from one of its most successful years in recent history. “With significant growth in our 2012 earnings, we enter 2013 with great enthusiasm. The right strategic buyer for the Agriculture Group will provide us with an opportunity to improve our overall balance sheet and provide a substantial return to our ownership group,” said French. “These properties are highly profitable and have drawn significant interest for many years. Additionally, this group is a discrete business that can be sold without adversely affecting Cygnus’ core business model or existing affinity groups.” He added that there are no plans to put the remainder of the company on the market.
The Agriculture Group’s properties reach the entire producer-to-processor chain. It owns and operates five tradeshows, including four of the industry’s largest producer-focused outdoor and indoor shows in America, and includes two publications.
Cygnus Business Media is a privately held, internationally recognized, technology business-to-business media company founded in 1996. The company offers comprehensive, integrated advertising and marketing programs for some of the world’s strongest business-to-business brands. Its diverse portfolio serves 13 market categories with print and interactive products, and live events. Through its media, the company reaches more than 1.5 million print subscribers, and nearly 1 million industry professionals via its custom marketing services group and expositions, and attracts 2 million unique visitors to its websites monthly.