JFE Shoji to acquire CEMCO from the Poliquin family.

JFE Shoji, a supplier of semi-finished steel products, agreed to acquire California Expanded Metal Products, a manufacturer of steel framing and lath products, from the Poliquin family. Financial terms were not disclosed. "JFE Shoji America has a disciplined acquisition model. We seek valuable franchises with strong brands, similar corporate cultures, and excellent business fundamentals. CEMCO fits our acquisition target profile and fills a business portfolio gap. We want to welcome the CEMCO team to JFE Shoji America," Junji Yamada, JFE Shoji America CEO.