Decision publishes 18 websites and a range of e-newsletters focusing on international food, nutrition, pharmaceutical and cosmetics industry news.
The deal will expand William Reed's events, recruitment and data businesses, as well as helping the publisher break into new markets, the statement said.
"Decision News Media has created a powerful market opportunity as a leading online provider for independent and high-value news reporting in the market it serves. Both companies make an excellent combination. Together, the two businesses will be stronger and have greater potential. We will accelerate our growth and expand our brands into new media areas," Jean-Marc Cocogne, co-founder of Decision News Media, on the site.
Last year William Reed, which also publishes The Grocer, acquired food and drink industry title Harpers.
The successful candidate will join a group of Web editors who choose the best breaking news and analysis stories from across Dow Jones and present them in summary form for busy traders and financial advisors.
...more