Platts Completes Acquisition of Kingsman, Broadening Biofuels
Capabilities and Expanding into Agriculture
NEW YORK, Nov. 1, 2012 /PRNewswire/ -- Platts, a
leading global provider of energy, petrochemical and metals
information and a division of The McGraw-Hill Companies, Inc.
(NYSE: MHP), today completed its acquisition of Kingsman SA,
a privately-held, Switzerland-based provider of price
information and analytics for the global sugar and biofuels
markets. The acquisition, whose purchase price was not
disclosed, was announced on October 11.
"The acquisition of Kingsman broadens Platts' capabilities in
biofuels, provides an entry to the agriculture markets, and adds
widely respected skills in fundamental market analysis," said
Harold McGraw III, chairman,
president and chief executive officer for The McGraw-Hill
Companies.
A leading information provider for the sugar markets, Kingsman
offers a range of daily, weekly and monthly reports covering
ethanol and biodiesel as well as sugar. As a unit of Platts'
new agricultural group, Kingsman will continue to offer its
existing product portfolio under the Kingsman brand and under the
day-to-day leadership of its founder Jonathan Kingsman.
Founded in 1990 and based in Lausanne, Kingsman employs
analysts, researchers and report writers in key markets including
Bangkok, London, Montreal, New
Delhi and Sao Paulo. It serves a global clientele of
producers, traders, refiners, financial institutions and end-users,
offering a variety of subscription publications covering sugar,
ethanol and biodiesel.
"Kingsman's prime focus on market analysis, supply and demand
fundamentals and trade flows complements Platts' long-standing
expertise in reporting news, assessing prices and explaining the
factors driving those prices," said Larry
Neal, president of Platts.
About Platts: Founded in 1909, Platts is a leading
global provider of energy, petrochemicals and metals intelligence
and a premier source of benchmark prices for the physical and
futures markets. Platts' news, pricing, analytics, commentary
and conferences help customers make better-informed trading and
business decisions and help the markets operate with greater
transparency and efficiency. Customers in more than 150
countries benefit from Platts' coverage of the carbon emissions,
coal, electricity, oil, natural gas, metals, nuclear power,
petrochemical, and shipping markets. A division of The McGraw-Hill
Companies, Platts is headquartered in New
York with approximately 900 employees in more than 15
offices worldwide. Additional information is available at
www.platts.com.
About The McGraw-Hill Companies: McGraw-Hill announced on
September 12, 2011, its intention to
separate into two companies: McGraw-Hill Financial, a leading
provider of content and analytics to global financial markets, and
McGraw-Hill Education, a leading education company focused on
digital learning and education services worldwide. McGraw-Hill
Financial's leading brands include Standard & Poor's Ratings
Services, S&P Capital IQ, S&P Dow Jones Indices, J.D. Power
and Associates and Platts, a leader in commodities
information. With sales of $6.2
billion in 2011, the Corporation has approximately 23,000
employees across more than 280 offices in 40 countries. Additional
information is available at http://www.mcgraw-hill.com/.
Contacts:
Investor Relations:
Chip
Merritt, Vice President, Investor Relations
(212) 512-4321 (office)
chip_merritt@mcgraw-hill.com
News Media:
Patti Rockenwagner, Senior Vice
President, Marketing and Communications
McGraw-Hill
(212) 512-3533 (office)
patti_rockenwagner@mcgraw-hill.com
Platts News Media:
Pat Wood, Senior Director,
Communications
+1 212-904-3122 office
+1 347-331-5941 cellular
pat_wood@platts.com
SOURCE The McGraw-Hill Companies