OAKBROOK TERRACE, Ill. — Winsight LLC, formerly CSP Business Media, a market-dominant, business-to-business media and information company specializing in the convenience-store retailing, restaurant and noncommercial foodservice industries, announced today that it has acquired Technomic, the leading provider of primary and secondary market information and advisory services to the food industry.
Winsight acquired Technomic from its founder, Ron Paul, who spent much of the last 50 years establishing the business as the “go-to” source for food and foodservice industry insights and strategic advice.
“The acquisition of Technomic represents an important step in Winsight’s growth strategy by providing our customers and audiences access to the most credible source of food-industry market intelligence,” said Mike Wood, CEO of Winsight. “Winsight’s industry-leading print and digital assets, along with its world-class events, will act as new platforms from which to broadcast Technomic’s insights.”
Technomic will continue to operate under its brand name, and will serve as Winsight’s information and advisory services platform.
Paul, CEO and president, will leave the business to spend more time with family and pursue personal interests, while the firm’s executive vice presidents, Gary Karp, Bob Goldin and Darren Tristano, will continue on in their respective roles.
“After many years in this industry, I believe now is the right time to pursue other interests. I couldn’t be prouder of our employees or their work, and I am confident Winsight will continue building the Technomic brand and supporting our great talent,” said Paul.
The companies did not disclose the terms of the transaction.
Chicago-based Technomic delivers a 360-degree view of the food industry by providing consumer-grounded vision and channel-relevant strategic insights. Services range from major research studies and management consulting solutions to online databases and fact-finding assignments. Clients include food manufacturers and distributors, restaurants and retailers, other foodservice organizations and institutions aligned with the food industry.
Oakbrook Terrace, Ill.-based Winsight has an extensive media portfolio of leading publications including CSP, Restaurant Business, FoodService Director and Convenience Store Products, a suite of digital products including websites, e-newsletters (CSP Daily News, Restaurant Business Daily and more) and webinars, plus video products, mobile and tablet apps, custom marketing solutions and the convenience-store retailer intelligence tool, CSPedia. The Winsight Events group produces six exclusive, large-scale executive-level conferences—Restaurant Leadership Conference, FARE Conference, Outlook Leadership, Convenience Retailing University, FSTEC and MenuDirections—in addition to more than 12 major EduNetworking conferences and advisory meetings.
Watch for more details on CSPnet.com and in CSP Daily News.