The print and online media company responsible for Automation World, Packaging World, Healthcare Packaging and Contract Packaging will become the publishing arm of PMMI, The Association for Packaging and Processing Technologies, and producer of the PACK EXPO portfolio of trade shows.
PMMI has entered into an agreement to purchase Summit Media Group, and the sale is expected to conclude in late October, according to PMMI Chairman Bill Crist. Crist, who is CEO of Kliklok-Woodman, delivered the announcement at PMMI’s Annual Meeting today.
“Summit is a well-known, highly-respected publisher, with print publications and a significant digital presence that truly complements PMMI’s strategic plan. They bring to the table a fully developed platform, an established audience and a high level of brand recognition — all within a proven business model,” Crist says.
PMMI’s strategic vision is to create opportunities where businesses and people along the packaging and processing supply chain can convene to network, problem solve and do business, said Crist. “The robust platform Summit brings to the table will enhance our ability to do that,” he said.
Summit President and CEO Joe Angel said, “The synergy between our two organizations is one that will enable us both to move to the next level in terms of what we can offer our subscribers, customers, PMMI members and the packaging and processing communities as a whole. We’re very excited to become part of PMMI, with whom we’ve had a strong relationship for so many years, and look forward to the new opportunities this strategic acquisition will make possible.”
Under the agreement, the Summit Media Group staff will join the PMMI staff, with Summit offices remaining in the Chicago area.
PMMI President & CEO Charles D. Yuska noted that Summit’s multimedia platform will strengthen PMMI’s position. “I think it’s more than fair to say PMMI’s greatest competitive advantage lies in the strength of our trade shows, programs and services,” Yuska says. “This platform will help connect our PACK EXPO exhibitors with the trade show attendees year-round, and will support the expanding group of expositions.”
PMMI represents more than 650 packaging and processing supply chain companies that provide packaging and processing machinery, materials, components and containers. Upcoming shows include: PACK EXPO International 2014, Nov. 2–5 (McCormick Place, Chicago); Pharma EXPO, co-located with PACK EXPO International 2014; PACK EXPO East, debuting Feb. 16–18, 2015 (Pennsylvania Convention Center, Philadelphia); EXPO PACK Guadalajara 2015, March 10–12, 2015 (Guadalajara, Jalisco, Mexico); EXPO PACK México 2015, June 16–19 (Mexico City, Mexico).