United Business Media Acquires RISI
RISI, a Boston-based information provider for the global forest products industry, has been acquired by United Business Media (UBM), which had previously owned 52 percent of RISI. As a result of the transaction, RISI is now owned and controlled 100 percent by UBM.
RISI, which produces events, magazines and Web sites, also confirmed the appointment of Mike Coffey as CEO. Coffey most recently served as the company's COO.
"I'm thrilled about the UBM investment in RISI," said Coffey. "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."