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Hanley Wood Acquires Two Architecture MagazinesSeptember 29, 2006 -- Hanley Wood, LLC, the leading business-to-business media and information company serving the housing and construction industries, announced today the purchase of ARCHITECTURE and ARCHITECTURAL LIGHTING from VNU Business Media, Inc. ARCHITECTURE will immediately be merged into Hanley Wood’s newest launch, ARCHITECT, which debuts in October. “As the name suggests, ARCHITECT is about people, and their process,” says Editor-In-Chief Ned Cramer. “Our goal is to build community around issues of universal concern to the profession: technological change, social and environmental sustainability, business growth, practice management and, of course, design.” ARCHITECT will use the language of design to appeal to a community of designers. Award-winning designer Abbott Miller of Pentagram is creating the magazine’s graphics. Hanley Wood will simultaneously launch www.architectmagazine.com, a parallel Web-based publication with a reader-submitted design gallery, breaking news, product resources, and continuing education. “The launch of ARCHITECT, along with the acquisition of ARCHITECTURAL LIGHTING, accelerates our strategy to expand aggressively into the non-residential/commercial market,” says Peter Goldstone, President, Hanley Wood Business Media. ARCHITECT and ARCHITECTURAL LIGHTING will be part of the Commercial Design group under the direction of Group Publisher Patrick J. Carroll. “Architecture and Architectural Lighting have been successful publications for VNU. We believe that they will become a vital part of the larger plan of Hanley Wood for the non-residential construction market,” says Bob Krakoff, President and CEO of VNU Business Media. “Hanley Wood has long dominated the residential media space. Now we’re developing an equally strong portfolio of magazines, Web sites, events and data products that serve the fast-growing non-residential construction market,” according to Hanley Wood CEO Frank Anton. About Hanley Wood Hanley Wood, LLC, is the premier media and information company serving housing and construction. Through four operating divisions, the company produces award-winning magazines and Web sites, marquee trade shows and events, rich data and custom marketing solutions. The company also is North America’s leading publisher of home plans. Hanley Wood Business Media (Washington, D.C.), publishes 28 award-winning residential and commercial construction titles, including BUILDER, REMODELING, CUSTOM HOME, CONCRETE CONSTRUCTION and RESIDENTIAL ARCHITECT. Hanley Wood Business Media also offers the construction industry’s foremost collection of Web sites, including BUILDER Online, REMODELING Online, and ebuild, the comprehensive online guide to building products, as well as the largest collection of house plans online through eplans.com and DreamHomeSource.com. Founded in 1976, Hanley Wood is a $250 million company owned by affiliates of JPMorgan Partners, LLC. CCMP Capital Advisors manages the Hanley Wood investment for JPMorgan Partners. About VNU Business Media, Inc. VNU Business Media maintains a leading position in the business to business arena by providing clients with innovative and actionable business intelligence, products, and tools via a wide range of delivery channels and methodologies including business-to-business publications, trade shows, electronic applications, database marketing tools, and media intelligence. SOURCE: Hanley Wood Back to Press Releases |
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The historical information presented may reflect the activities of the professionals of CCMP Capital Advisors, LLC (together with its affiliates, “CCMP Capital”) while they were members of J.P. Morgan Partners, LLC ("JPMP"), a private equity division of JPMorgan Chase & Co. prior to CCMP Capital's commencing operations. Nothing contained herein constitutes an offer to sell or a solicitation of an offer to purchase any investments or securities of any investment vehicles. © 2008 CCMP CAPITAL ADVISORS, LLC. All rights reserved. |
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