New Jersey-based Wainscot Media is buying MR Magazine's print publication, website and related businesses from B2B events organizer UBM, headquartered in London. Also included in the deal are 25 custom magazines published for the customers of exclusive retailers in the apparel and jewelry businesses, known as Forum and Accent.
Wainscot is a family-owned trade and consumer media company with a similar profile to Business Journals Inc., the company under which all the titles originated. That company was sold, in its entirety, to UBM in April 2016.
Group publisher Stu Nifoussi and Editor-in-Chief Karen Alberg Grossman, who conceived and created the magazines included in the deal, hailed the sale as an important and strategic move for both companies.
"Wainscot is a very strong player in both trade and custom publishing," said Nifoussi. "Our intention is to maintain the very strong ties we have forged over the last couple of years to UBM and the Project Show, as well as MRket, which was originally created as an extension of MR Magazine