Argus acquires Wax Data, expands base oils and petrochemical coverage
HOUSTON, March 12, 2014 /PRNewswire/ -- Global energy and commodity price reporting agency Argus Media has bought Wax Data, a monthly publication covering the global petroleum, synthetic and natural wax markets from New Jersey-based Rauch Associates.
Wax Data focuses on supply and demand fundamentals, trade flows and industry news. Its publisher and founder, James Rauch, will work with Argus to ensure a smooth transition and continuity.
Argus Media chairman and chief executive Adrian Binks said: "We are pleased to acquire Wax Data, which provides essential information to the industry it serves. Its market coverage complements Argus' existing portfolio particularly in relation to paraffin waxes, which are extracted during the production of base oils, and synthetic waxes, which are manufactured through several petrochemical streams. We are constantly looking to expand and improve the range of services we offer to our customers and the acquisition of Wax Data is another step forward in our overall strategy."
Mr. Rauch said: "We are looking forward to working with Argus to develop our global wax services. Argus' international strength and wide customer base will enable us to extend our coverage and reach."
Terms of the acquisition were not disclosed.
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About Argus Media
Argus is an independent media organisation with almost 600 full time staff. It is headquartered in London and has offices in each of the world's principal commodity centres. Its main activities comprise publishing market reports containing price assessments, market commentary and news, and business intelligence reports that analyse market and industry trends.
More than half of Argus employees are commodity journalists who specialise in reporting news and price information relating to physical energy and related commodity markets. They operate according to a rigorous Editorial Code of Conduct and a compliance and ethics policy that align with best journalistic practice, including the avoidance of conflicts of interest.
Argus is a leading provider of data on prices and fundamentals, news, analysis, consultancy services and conferences for the global crude, oil products, natural gas, electricity, coal, emissions, bioenergy, fertilizer, petrochemical, metals and transportation industries. Data provided by Argus are widely used for indexation of physical trade. Companies, governments and international agencies use Argus information for analysis and planning purposes.
Argus has 19 offices globally, including London, Houston, Washington, New York, Calgary, Rio de Janeiro, Singapore, Dubai, Beijing, Tokyo, Sydney, Moscow, Astana and other key centres of the commodity industries. Argus was founded in 1970 and is a privately held UK-registered company.
SOURCE Argus Media