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UBM acquires 'Tissue World' properties from Paperloop

Published on .

London—United Business Media announced Tuesday it has acquired Tissue World magazine and related events from Paperloop for $4.5 million, although the purchase price is subject to the performance of an upcoming exhibition.

The Tissue World exhibitions and conferences take place in the U.S., China and France. These events generate annual revenue of about $2.5 million, according to UBM, which has a 37.2% stake in Paperloop.

"The growth prospects are encouraging," said Peter Sutton, CEO of CMP Asia, which is a unit of UBM.

—Sean Callahan

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