F+W Media Acquires World Tea Media, Organizers of World Tea Expo;
Combined Capabilities Position the Tea Industry for Future Growth
LAS VEGAS, Nev. (Jan. 10, 2012) — World Tea Media, dedicated to providing business solutions for the global tea industry, an $87 billion market opportunity, today announced that it was acquired by F+W Media, Inc. a community-focused, content creator and marketer of products and services for professionals and enthusiasts. World Tea Media, producer of World Tea Expo, the largest and most prominent event for the tea industry, strengthens its position by joining the F+W Media family portfolio of books, ebooks, magazines, events, competitions, ecommerce, education, video and more.
“We’re thrilled to join F+W Media, which has a community-based culture and commitment – a perfect fit for our events, valued exhibitors, customers and the tea trade at large,” said Founder George Jage, now the director of World Tea Media, a division of F+W Media. “We always knew we would grow World Tea Media, World Tea Expo and its related assets, to a point where we needed much more to continue to evolve. Combining with F+W Media allows us to better serve the global tea community, as well as extend and enhance our range of products and services. With their resources and extensive knowledge, we’re looking forward to continued growth under their ownership.”
David Nussbaum, chairman and CEO, F+W Media, said, “We’re excited to welcome World Tea Media, as they’re an ideal match for our community-focused philosophy and our broader strategy of expansion into the cooking and food communities.” F+W Media today has an extensive cookbook line, including titles on everyday meal preparation, diet, health and allergy-specific cooking, and bestselling ‘fantasy’ cookbooks, featuring recipes taken from the pages of popular literature. The Company plans to expand upon its cooking and food offerings through further organic growth and acquisition. “We’re committed to delivering the same level of innovation and excellence that World Tea Media has provided over the last decade,” he added.
Kim Jage, now sales and marketing director, World Tea Media, said, “F+W Media will help us continue our longstanding history of quality and, at the same time, increase the momentum we’ve built for tea, the trade industry and our events. Together, we can further help the tea industry be profitable and boost the rise of tea.”
World Tea Media produces World Tea Expo, World Tea East, the North American Tea Championship and World Tea News. The company’s offices will remain in in Las Vegas, Nev., becoming an integral part of F+W Media. The World Tea Media executive management team, consisting of George Jage and Kim Jage, as well as all other team members, will continue with the company, joining the F+W Media family.
The F+W Media acquisition of World Tea Media was completed on Jan. 3, and terms of the transaction were not disclosed.
About World Tea Media
World Tea Media is an integrated media company dedicated to providing business solutions to the global tea industry. Events include the annual World Tea Expo, the largest and most prominent event for the industry, and World Tea East, the regional event for the northeast, mid-Atlantic and southeast United States. World Tea Media also produces the North American Tea Championship and World Tea News. The North American Tea Championship is the only professional and independent competition that distinguishes the highest quality and best tasting teas commercially available in the North American marketplace. World Tea News is an online portal that offers in-depth news, features and business insight for the global tea industry. World Tea Media is headquartered in Las Vegas, Nev. www.worldteamedia.com
Contact: Stacie Berger, Communications Director, F+W Media, Inc. email@example.com