OAKBROOK TERRACE, Ill. — Chicago research company Technomic has a new owner. Winsight, LLC, a business-to-business media information company with a focus on convenience-retailing, restaurant and noncommercial foodservice, acquired the company from founder Ron Paul. Terms of the transaction were not disclosed.
Technomic will continue to operate under its brand name and serve as Winsight’s information and advisory services platform. Technomic’s founder, CEO, and president, Ron Paul, will leave the business, while the firm’s EVPs, Gary Karp, Bob Goldin and Darren Tristano, will continue on in their respective roles.
“The acquisition of Technomic represents an important step in Winsight’s growth strategy by providing our customers and audiences access to the most credible source of food industry market intelligence,” said Mike Wood, CEO of Winsight. “Winsight’s industry leading print and digital assets, along with its world class events, will act as new platforms from which to broadcast Technomic’s insights. This is a big win for customers of both businesses as we are now the single-source provider of the best content, media platforms, analysis, education and in-person events across the industries we serve.”