Office Products International, the leading trade media organisation serving the global office products industry and publisher of OPI magazine, has been acquired by its management from Euromoney Institutional Investor PLC.
The acquisition was led by Steve Hilleard, the company’s CEO, and event manager Janet Bell, through their newly-formed OP consulting firm Nelson Media. "It’s a very exciting opportunity, and I am looking forward to working closely with our talented staff and loyal customer base to capitalise on the tremendous reputation and history of OPI," said Steve Hilleard.
"Although the OP industry is experiencing significant transformation as a result of globalisation, consolidation and commoditisation, we believe there continues to be significant opportunities for those organisations which equip themselves with the right information tools to embrace that change.
"Our extensive portfolio of products – including magazines, newsfeeds, educational and networking events, and research reports – are designed to be just some of those tools for today’s time-pressed OP executive, and will be supplemented with new services in the coming year to ensure we remain relevant to a very demanding audience."
An example of OPI‘s future plans include the launch of the first OPI Chinese awards ceremony and dinner, coinciding with Paperworld China in November, which is 95 percent sold already. This new event in the OP calendar will help reinforce the company’s position as the most proactive media company in the Asian office products industry.
Hilleard, added: "The strength of OPI lies in its deep understanding of, and close relationship with, the key companies that drive the office products industry. Taking OPI back into private ownership will reduce the administrative burden of being part of a public company, and that will free up time enabling the team here to get closer to the industry we serve.
"For me that was the most important driver behind our decision to execute the MBO. Our new freedom will also enable us to enlarge the team in key sales and marketing areas, a process that has already begun as we seek to fill five new positions, two of those for the increasingly important Asian market.
"In addition, the considerable network of contacts and relationships we have all over the world will help our newly-created holding company, Nelson Media, venture into the consulting arena. Indeed, within just a few weeks of the MBO, we already have significant projects underway with several well-known industry companies in the USA, Europe, Australia and China.
"Of course, OPI‘s ability to grow and expand into these new areas depends on us attracting quality personnel."