News Release from: Turret Group
Edited by the Electronicstalk Editorial Team on 11 November 2004
Management buyout precedes name change
Following a management buy out from the Dutch RAI Group on 27th October 2004, Turret RAI plc, the Uxbridge based exhibition organiser and publisher, has changed its name to Turret Group .
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Following a management buy out from the Dutch RAI Group on 27th October 2004, Turret RAI plc, the Uxbridge based exhibition organiser and publisher, has changed its name to Turret Group . The deal, led by Richard Hease, chairman and Ian Garmeson, finance director, sees a streamlined Turret Group concentrating on three key markets - Water, Automotive and Building, with a rationalised portfolio of international trade shows, magazines and directories including WET News, IWEX, Who's Who in Water, Window Industries and InterAuto. Turret Group has also secured a number of event management contracts including EC 2004, Gastech 2005, and The Cleaning Show 2005.
"The existing portfolio is strong and we plan to use the business as a springboard for acquisitions and other launches in new and existing markets," commented Richard Hease.
Other products from the portfolio have been acquired by DMG World Media, Quartz Publishing and Exhibitions and Pearl Media.
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