Reed Elsevier, a world-leading publisher and information provider for the science and medical, legal, education and b2b sectors, has sold a portfolio of B2B magazines and online properties for the manufacturing and scientific industries to Advantage Business Media, a new company formed by Richard Reiff, former President of the Publishing Division of Cygnus Business Media, and George Fox, formerly with both Reed and Cygnus, as well as their equity investment partner, New York City-based Catalyst Investors.