01 Nov 2004: Turret RAI plc becomes Turret Group Ltd after management buy out
Published: November 09, 2004

Following a management buy out from the Dutch RAI Group on 27th October 2004, Turret RAI plc, the Uxbridge based exhibition organiser and publisher, has changed its name to Turret Group Ltd.

The deal, led by Richard Hease, chairman and Ian Garmeson, finance director, sees a streamlined Turret Group concentrating on three key markets - Water, Automotive and Building, with a rationalised portfolio of international trade shows, magazines and directories including WET News, IWEX, Who's Who in Water, Window Industries and InterAuto.

Turret Group has also secured a number of event management contracts including EAGC 2004, Gastech 2005, and The Cleaning Show 2005.

"The existing portfolio is strong and we plan to use the business as a springboard for acquisitions and other launches in new and existing markets," commented Richard Hease.

Other products from the portfolio have been acquired by DMG World Media, Quartz Publishing & Exhibitions and Pearl Media.