RISI, Inc., a leading information provider for the global forest products industry, announced the acquisition of Random Lengths, a leading price reporting agency for the wood products industry.
Founded in 1944, Random Lengths provides unbiased and consistent price assessments and market reporting for the global wood products industry, with a core focus on the North American lumber and panels markets, publishing over 1,500 prices each week. Random Lengths will complement and expand RISI’s existing wood products price reporting.
“Random Lengths is a leading source for prices in the lumber and panel markets, with a rich history of delivering trusted, unbiased insights,” said Daniel Klein, CEO of RISI. “We are excited for customers and the market to receive the most comprehensive offering of pricing data and information across the entire forest products supply chain, through the combination of RISI and Random Lengths, and as a core part of Euromoney’s cross-commodity PRA division.”
“Combining Random Lengths with RISI and Euromoney’s commodities price reporting organization is an exciting step,” said Jon Anderson, President of Random Lengths. “It enables Random Lengths’ customers and the market to continue relying on our price guides and market information, while enhancing Random Lengths’ business with RISI’s and Euromoney’s extensive resources and worldwide footprint.”
RISI’s Global Head of Price Reporting, Matt Graves, will relocate to Eugene, Oregon to lead the integration, working directly with Jon Anderson and the Random Lengths team. Both organizations plan to continue their market reporting and publishing schedules as normal.