Stagnito, Inc. (d/b/a Stagnito Media) announced today that it has acquired Progressive Grocer and its related products, along with the Retail Food Group from Nielsen Business Media, through its wholly owned subsidiary, Food Media Group, LLC.

Progressive Grocer is the leading trade media brand serving the $547 billion grocery retailing industry through an integrated portfolio of a print magazine and digital issue, the progressivegrocer.com Web site, and five e-mail newsletters, monthly web seminars, and related retailer conferences such as The Hispanic retailing 360 Summit.

The Retail Food Group also includes three other leading retailing brands, Convenience Store News, Convenience Store News For the Single Store Owner and The Gourmet Retailer, which serve the information needs of convenience, and specialty foods/kitchenware retailers through an integrated portfolio of magazines, Web sites, digital newsletters, Web seminars and educational conferences.

Included in the acquisition are Trade Dimensions’ Directory of Convenience Stores, and the Grocery, Drug and Mass Merchant Marketing Guidebook print and electronic products, which are leading databases of chain retailers serving the convenience, grocery, drug, and mass merchandising retailing segments in the U.S.

“We’re excited about re-entering the food industry with the acquisition of such highly recognized and respected food media brands such as Progressive Grocer, and its related products. Our goal is to introduce a new business model to the food market to take advantage of the trend towards targeted and measurable integrated media,” said Harry Stagnito, President/CEO, Stagnito, Inc.

Stagnito, Inc. was established in 2009 by Harry Stagnito, Kyle Stagnito, Kollin Stagnito, and Ned Bardic, professionals with more than 100 years of cumulative, successful media experience. Previously, they managed Stagnito Communications, which was the largest food, beverage and packaging media company in the world.

Stagnito, Inc., headquartered in Deerfield, IL is a Cardinal Growth, LP portfolio company. Cardinal Growth, LP is a Chicago-based Small Business Investment Company.

Learn more about us at www.StagnitoMedia.com.