Monday, June 20, 2011

Kind Of Busy Today...

Well... if you haven't heard by now, we sold the majority chunk of our dear Catersource to a wonderful British company UBM. I've posted the news release we just sent out to all our customers, alumni, exhibitors, and sponsors below. I will catch my breath and write about how and why the sale happened in the next few days on the blog.


Until then, just know that Bernice and I are extremely happy and Catersource will become even more important in the world's foodservice and catering industries. I'm excited because I can visualize the good things that are coming for all those associated with Catersource.


Here's the letter that was email to our complete list of friends:


Catersource is now positioned for worldwide growth through the acquisition of a majority stake of Catersource by UBM.  My partner, Kelvin Lee and I made the strategic decision to join UBM, 
a leading global business media company with operations in 30 countries, to maximize Catersource’s full potential. Kelvin and I, along with our entire Catersource and Event Solutions team, will remain at the forefront of the company’s continued growth.


Catersource will join UBM Live’s portfolio of companies serving the Food & Leisure industries both in the USA and internationally. The new conference attendees and subscribers that will be introduced to our educational conferences, tradeshow, magazines and network of catering and event professionals will have a continued positive impact on our industry. UBM Catersource’s growth will also help our exhibitors, sponsors and business partners reach their goals.

Simon Foster, Chief Executive of UBM Live said:
“Catersource is the leading events business in the fast-growing US catering industry. We see strong opportunities to grow the brand by leveraging our US and worldwide events infrastructure, as well as driving synergies with our UBM events. We are delighted that Kelvin Lee, Mike Roman and their team will be joining UBM Live and look forward to working with them to develop the business going forward.”

UBM Catersource will continue to provide caterers and event professionals with the education, information and products that will keep them on the cutting-edge, while they offer their clients the latest catering and event trends. Thank you for supporting Catersource over the past twenty years. With your continued support, the resources and people of UBM Catersource will keep our industry vital and strong. See you all at Catersource 2012 in Las Vegas!

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UBM plc is a leading global business media company. We inform markets and bring the world’s buyers and sellers together at events, online, in print and provide them with the information they need to do business successfully. We focus on serving professional commercial communities, from doctors to game developers, from journalists to jewelry traders, from farmers to pharmacists around the world. Our 6,000 staff in more than 30 countries are organized into specialist teams that serve these communities, helping them to do business and their markets to work effectively and efficiently.
For more information, go to www.ubm.com
Media Contacts: Peter Bancroft, Director of Communications, Email: communications@ubm.com
Direct Telephone: +44 20 7921 5961

1 comment:

  1. Congratulations Mike! New chapters in life are always exciting. Can't wait to see what future holds.

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