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BtoB

UBM's RISI acquires UM Paper in China

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London—United Business Media RISI division announced Thursday that it has agreed to acquire UM Paper, which covers the China paper industry, from Samwell Group for $440,000 in cash. An earn-out of another $440,000 based on performance is possible over the next two years, according to UBM.

UM Paper, which is based in Shanghai and has 11 employees, produces a subscription newsletter covering pricing and other topics in the paper industry. The business is expected to generate revenue of $300,000 this year.

"UM Paper helps us toward fulfilling our ambition to become the leading information provider for the paper and board industry in China," Mike Coffey, CEO of RISI, said in a statement.

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