Modern Materials Handling and Other Supply Chain Group Titles Purchased by Peerless Media

Last week’s sendoff (click here) to Modern Materials Handling was luckily a little premature. Modern and three other Reed publications will remain in business without interruption.

After Reed Elsevier announced April 16 it was shutting down a staggering 23 titles published under its Reed Business Information U.S. division, it was generally expected that at least some of those would be snapped back up in the 11th hour from former employees. That’s just happened with RBI’s Supply Chain Group.

Brian Ceraolo, the group’s publisher, has formed a new company, Peerless Media, along with the former management team. Peerless has reached an agreement in principle with Reed Elsevier to acquire the four Supply Chain Group brands: Logistics Management, Modern Materials Handling, Supply Chain Management Review and Material Handling Product News.

The deal is expected to close by the end of the month. Read more at www.foliomag.com.

Speak Your Mind

*