Paperloop sells CMM International show

Paperloop announced today that it has sold the Converting Machinery and Materials (CMM) International conference and exposition business to PennWell Corporation. CMM is a trade show for the converting and package printing industry, and the recent CMM 2005 exposition in Chicago was the 15 th edition of this biennial event. With the sale of CMM, Paperloop continues to execute on the strategy announced earlier this year, to focus on providing information products and services to the global pulp and paper, wood products/timber, and tissue/nonwovens markets.

Paperloop CEO Rod Young noted, “CMM is the only converting-exclusive event in the world and it’s a great fit for PennWell. As with our sale of the Tissue World franchise in February, the decision to divest this asset is another step in our strategic plan to extend our position as the leading provider of information in the forest products market and related sectors.” Paperloop was represented in this transaction by The Jordan, Edmiston Group, Inc. (JEGI), a New York City based investment banking firm for the media and information industries, and by Wall Street law firm Carter Ledyard & Milburn LLP.