Babcox, a business-to-business media company serving the automotive aftermarket and truck fleet markets, announces that 100% of its outstanding shares have been reacquired by Bill Babcox, chairman, president and CEO of the company.
“Our business has remained foundationally strong, despite the recent economic downturn,” said Bill Babcox. “The opportunity to reacquire the full outstanding equity in the company was appealing to me considering the strength of our employee team, and the level of respect and acceptance our broad range of products has in today’s marketplace. Given the effectiveness of what our business model offers in this new era of electronic and print technology, I am very excited about the future of the company and continue to be impressed by the resiliency of the automotive aftermarket and truck fleet market as we move into 2010.”
Babcox (babcox.com) is a business-to-business magazine, e-media, and custom publishing company serving both the automotive aftermarket and truck fleet markets.
The company, founded in 1920 by Edward S. Babcox in Akron, Ohio, produces magazines and e-properties for nearly every niche segment of the automotive aftermarket and truck fleet market. Today, Babcox publishes 20 print properties, 15 Web sites, seven electronic newsletters and other Internet-based media, in addition to offering custom publishing services, market research, live conferences and list rental services.