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Pfingsten Publishing buys Advanstar Art Group

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Cleveland -- Pfingsten Publishing announced it has agreed to acquire the assets of the Advanstar Art Group from Advanstar Communications.

Pfingsten will combine its art properties--DÉCOR magazine, four DÉCOR Expo tradeshows and Art Expressions Magazine--with Advanstar’s Art Business News, Framing Business News, Artexpo New York and Art Miami.

Advanstar, which made a $135 million acquisition last year of Thomson Corp.'s Medical Economics and related properties, indicated it will use the proceeds to continue to expand its activities in its 18 other markets and in new areas.

--Sean Callahan

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