BOSTON, April 7, 2017 /PRNewswire/ -- RISI, the leading information provider for the global forest products industry, today announced that it has been acquired by Euromoney Institutional Investor PLC, a global business-to-business information group.
RISI's product suite includes objective pricing data, industry news, mill intelligence, research and analytics, specialized conferences, and custom projects for the pulp, packaging, wood products, wood fiber, and sawlog markets.
"The level of service and quality of information we deliver to clients will remain unchanged," said Charles Rutstein, Chief Executive Officer of RISI. "We are excited to have access to greater resources that will allow RISI to invest in new ways to serve and provide the highest value to the people who depend on us."
Through this acquisition, Euromoney will create a cross-commodity price reporting and market intelligence business, incorporating RISI and the existing Metal Bulletin Group – a price reporting agency serving the metals, minerals, and mining markets.
This new commodities pricing and analytics unit within Euromoney will provide data for over 4,400 commodity prices, forecasts, and market analysis, supported by a team of over 350 employees located in several locations across the world, including the USA, Europe, Brazil, Singapore and China.
"RISI is a high-quality business and complements our existing metals pricing services. RISI combines an excellent price reporting operation with a world-class analytics and cost division. The scale of the new combined business will enable increased product investment resulting in an even better user experience for all our clients," said Raju Daswani, CEO of Metal Bulletin Group and head of Euromoney's commodities price reporting businesses.
About RISI (www.risi.com)
RISI is the leading information provider for the global forest products industry. The company works with clients in the pulp and paper, packaging, wood products, timber, biomass, tissue and nonwovens industries to help them make better decisions.
Headquartered in Boston, MA, RISI operates additional offices throughout North and South America, Europe and Asia.
For enquiries, please contact:
VP of Marketing
O: +1 781 734 8970
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/risi-acquired-by-leading-information-group-euromoney-institutional-investor-plc-300436645.html