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Wednesday, February 17, 2016

Stagnito Business Merged with Edgell Communications

What happens when you merge two b2b media companies?  Apparently you get www.stagnito-edgell.com

So what does that mean exactly?  Well, we will have to wait and see.  Based on what we have read thus far, they have not even decided on an official corporate name as of yet.  This news is hot off the presses and we look forward to learning more about the merger.  Much of the combined resources is not relevant to the garment industry, but as you may know, Edgell previously purchased the apparel industry magazine called Bobbin which had become a magazine called Apparel.

Below is the general gist of new merger.

Stagnito Business Information and Edgell Communications announced today that the two companies have merged. The combined assets and brands make it one of the most comprehensive b-to-b information, media, and marketing resource serving retailers and their supplier/distributor partners in the North American grocery, convenience, big-box retail, specialty/apparel, hospitality, and pharmacy markets.

The company will operate under the Stagnito Business Information and Edgell Communications names in the short term, with a new corporate brand to be announced in the future (www.stagnito-edgell.com).

Gerry Ryerson, President & CEO at Edgell, and Harry Stagnito, President & CEO at Stagnito, are handing over the reins to Kollin Stagnito, COO at Stagnito, who will take over as CEO of the combined company. Ryerson is retiring and Harry Stagnito is taking a seat on the newly formed board of directors.

The merger was driven by private equity investor RFE Investment Partners. Their participation will allow Stagnito and Edgell to develop more powerful products and services for its audience and customers, through future acquisitions as well as organic growth.

RFE also helped facilitate the formation of the new board, attracting executives with a wealth of media, b-to-b communications, and retail industry experience. In addition to Mr. Stagnito, board members include Alan Glass, former Chairman, President & CEO at Commonwealth Business Media and Jim Casella, former Chairman & CEO at Asset International and Vice Chairman at Reed Business Information. Mr. Glass will be the new company’s Executive Chairman, with Kollin Stagnito reporting to him.

Further information on RFE can be found at http://rfeip.com/.

Stagnito and Edgell brands focus on vertical markets in the U.S. include Progressive Grocer, Convenience Store News, Hospitality Technology, MURTEC conference, The Gourmet Retailer, and Apparel.  Horizontally focused brands serving all retail markets include RIS News, Consumer Goods Technology, Retail Leader, Store Brands, Multicultural Retail 360 Summit, and Carbonview Research.

Apparel Search would like to take this moment to congratulate both companies on their merger.  We wish them the best with their new venture.

If you have more information about this Stagnito and Edgell merger, you are welcome to list your thoughts below.

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