Paddock buys Oaklee's Guide

Paddock Publications Inc. has purchased Buffalo Grove-based Oaklee's Guide LLC with plans to launch a quarterly print magazine this spring to accompany Oaklee's suburban family-events website.

Oaklee's will become one of a growing number of Daily Herald Media Group products operated by Arlington Heights-based Paddock Publications, which also publishes the Daily Herald.

Terms of the deal were not disclosed. The acquisition closed on Monday.

Oaklee's publishes a website that focuses on family events in the Chicago suburbs. It began as a pocket-size print magazine called Oaklee's Family Guide in 1999. Last year, it converted into an e-edition, website, social media product and electronic newsletter.