Management team to acquire ‘Logistics Management,' three other shuttered RBI titles
By Sean Callahan
Waltham, Mass.—Not all of the 23 trade publications Reed Elsevier closed recently will remain shuttered. The management team of what was Reed Business Information-US' supply chain group announced Friday that it has reached an agreement with Reed Elsevier to acquire Logistics Management, Modern Materials Handling, Supply Chain Management Review and Material Handling Product News. Financial terms of the deal were not disclosed.
The team, which is led by group publisher Brian Ceraolo, expects the sale to be completed by April 30. The brands will operate under Peerless Media, a new entity, which said there would be no interruption in the mailing of print issues.
“It's a privilege to have the opportunity to provide continuity with these great brands,” Ceraolo said in a statement. “They are deeply-rooted in the landscape of their respective industries. Both our customers and our readers made us very aware of that in the past week.”