CGTA to Buy dmg’s Canadian Gift Shows
By Staff -- Gifts and Dec, 8/24/2009 2:38:00 PM
Toronto -- The Canadian Gift & Tableware Association reached an agreement in principle to acquire the 
Canadian gift shows owned by dmg world media, Tradeshow Week quoted a CGTA spokesman as saying. The company had announced its plan to sell its Canadian gift show holdings, which include the Alberta Gift Show, the Montreal Gift Show and the Vancouver Gift Show, in May.
Details of the transaction are still being finalized, and both parties anticipate that the transaction will be completed before the end of September. Under the terms of the agreement, the staff presently employed by dmg world media in the production of the shows will continue to operate the shows under CGTA ownership. The not-for-profit CGTA, which includes includes over 1,500 giftware manufacturers, importers, exporters, distributors and wholesalers, already owns and manages the biannual CGTA Gift Show.
The move comes less than two weeks after dmg sold off its UK-based trade event business to London-based trade show producer and publisher Quartz Business Media Ltd. That sale is expected to be complete by mid-September, and includes 17 events and 12 publications in the coatings, chemicals, commodities, glass and primary metals industries.
Other recently divested shows include dmg’s West Coast U.S. gift shows: California (Los Angeles), San Francisco and Seattle. DMG still owns many gift and related tradeshows, including the National Stationery Show and New York International Gift Fair.
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