Wisconsin-based Trade Press Media Group has been acquired by Forum Media Group, based in Merching, Germany, Trade Press reports.
Terms of the deal weren't disclosed.
B2B publisher Trade Press produces trade titles covering the facilities management, commercial cleaning and the U.S. rail industries.
Jeffrey J. Schenk, chief operating officer of Trade Press Media Group, will immediately assume the position of CEO/general manager. The company will operate as a subsidiary of Forum Media Group.
"After almost 30 years as chief executive officer and owner, I'm excited and pleased to turn over control of our company to Forum Media Group, which has a global footprint with operating subsidiaries in 17 countries," said Bob Wisniewski. "For Trade Press staff members, I'm also particularly pleased to have found a buyer committed to maintaining the Milwaukee office, positioning it as their foothold for entering the U.S. market."
Trade Press Media Group will operate as a subsidiary of FORUM Media Group and will continue a joint venture with Illinois-based ROC Exhibitions to produce the National Facilities Management & Technology Conference and Exposition and the Critical Facilities Summit, BizTimes of Milwaukee reports.