Fastmarkets, a London, UK-based price reporting agency (PRA) and information provider for global commodities, acquired Hardwood Market Report, a Memphis, TN-based price reporting agency offering prices and news on sawn North American and tropical hardwoods.
The amount of the deal was not disclosed.
The acquisition of Hardwood Market Report allows Fastmarkets to accelerate plans to support trade and investment decisions across forest products, including softwood, hardwood, wood products and biomass.
Led by managing director Judd Johnson, Hardwood Market Report provides hardwood lumber price assessments and market data, including coverage of more than 400 prices for North American hardwood lumber, oak strip flooring, industrial timbers (pallets, rail ties) and selective tropical hardwoods.
Led by CEO Raju Daswani, Fastmarkets providing price data, news, analytics and events for the agriculture, forest products, metals and mining, and new generation energy markets. Its data is used by customers seeking to understand and predict dynamic markets, enabling trading and risk management. Fastmarkets has more than 500 employees spread across global locations in the UK, US, China, Singapore, Brazil, Belgium and Finland. It is an Astorg portfolio company.
FinSMEs
28/07/2023