Argus Buys FMB, Expands Into Fertilizers and Chemicals

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Jun 09, 2011, 07:17 ET

LONDON, June 9, 2011 /PRNewswire/ -- Leading energy price reporting agency Argus today announced the acquisition of FMB Consultants Ltd (FMB), a provider of price reporting and market intelligence to the fertilizer and chemical industries.

FMB is a leader in the provision of timely and accurate intelligence on the world fertilizer market. FMB's reports monitor global trade and pricing for nitrogen, phosphate, sulphur, potash and ammonia. Founded in 1982, FMB publishes 100 price references, which are widely used for benchmark pricing and settlement of derivatives. Its five global conferences are key industry trading events.

Argus chairman and chief executive Adrian Binks said "FMB is a natural fit with Argus' strategy of expanding its commodity market reporting capabilities beyond energy. Like Argus, FMB has developed an excellent reputation for bringing transparency to opaque markets. We look forward to working with FMB staff to combine their deep expertise with Argus' global reach and scale."

FMB Director, Kevin Hill said "We are delighted to be joining Argus and look forward to further developing FMB's products and services utilising Argus' global presence, technical resources and commercial team. FMB and Argus share the same cultural strengths based on close relationships with the industries they serve, and a resolute commitment to high quality reporting, ethics and integrity."

Terms were not disclosed.

For further information contact Seana Lanigan in London on +44 20 7780 4200 or email [email protected]

About Argus Media

Argus is a leading provider of price assessments, business intelligence and market data on the global crude and products, natural gas, coal, electricity, emissions and transportation industries. It is headquartered in London and has offices in Houston, Washington, New York, Portland, Calgary, Johannesburg, Dubai, Singapore, Tokyo, Beijing, Sydney, Moscow, Astana, Kiev, Santiago and other key centres of the energy industry. Argus was founded in 1970 and is a privately held UK-registered company. Learn more at www.argusmedia.com.

About FMB

FMB is a leading provider of fertilizer market intelligence based in Hampton Hill, Middlesex. FMB reports monitor global trade and pricing for nitrogen, phosphate, sulphur, potash and ammonia. FMB publishes 100 price references, which are widely used for benchmark pricing and settlement of derivatives. FMB Conferences and Exhibitions are currently run on four continents, providing major networking opportunities for senior industry executives. FMB was founded in 1982 and is a UK-registered company. Learn more at www.fmb-group.co.uk

SOURCE Argus Media