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Stagnito Media acquires Tesoro Business Media

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Deerfield, Ill.—Stagnito Media announced it has acquired Tesoro Business Media, producer of Store Brands Decisions and Green Retail Decisions events and digital media. Financial terms of the deal were not disclosed. Launched by Tesoro founder and CEO John Failla in 2011, Store Brands Decisions operates in the same vertical market as Stagnito Media's Private Label Store Brands properties. “We're excited by the opportunity to combine these highly recognized and respected properties into one powerful information center,” Harry Stagnito, president-CEO of Stagnito Media, said in a statement. Green Retail Decisions will remain an independent brand complementing Stagnito Media's retail brands, which include Progressive Grocer, Convenience Store News, The Gourmet Retailer and Retail Leader. Failla, who formed Scarsdale, N.Y.-based Tesoro in 2007, is joining Stagnito Media as VP-events.
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