OMG MEDIA ACQUIRED BY EUMEX
By Adnews Staff
OMG Media of Vaughan, ON has been purchased by Mexican outdoor advertising company Eumex. OMG is an out-of-home media company that sells advertising space on recycling bins. In July the company began buyout talks with Torstar. According to Lou Gallucci, vice-president of public affairs at OMG, the company had a prior arrangement in place with Eumex. When the Mexican firm learned of Torstar's interest in OMG it decided to exercise this purchase option. No financial details are known. According to Gallucci, Eumex was in discussions regarding OMG with Torstar and other Canadian parties. On Tuesday, Torstar issued a statement saying it had ended discussions regarding a possible purchase of OMG.
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