By Charlotte Tobitt
B2B food and drink publisher William Reed, which owns titles including The Grocer, has acquired a majority shareholding in major events organiser Rethink Events.
Rethink’s major events include the World Agri-Tech and Future Food-Tech Innovation series and it holds summits in San Francisco, New York, London, Amsterdam, Sao Paulo and Singapore.
William Reed said the acquisition would support its international growth strategy and bring more expertise to the organic development of its existing brands.
William Reed chief executive Charles Reed said: “Rethink events are already highly successful in the US, Asia and Europe, and being part of the William Reed Group presents significant growth opportunities elsewhere in the ROW. That growth will drive value for our customers whether they be a sponsor or delegate but also for all our colleagues in the combined business.
“Both our businesses have always been about building communities and serving them with content and solutions. Now as the clear market leader we can do that across the supply chain in whatever media is most relevant to our customers, whether that be a digital platform, large scale summit, trade show or premium insight. Exciting times ahead.”
Source: William Reed
Deal size: Undisclosed
Country: UK
Status: Official
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