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New Deal


Announced

JFE Shoji to acquire CEMCO from the Poliquin family.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Private

Building Materials: Other

Acquisition

Domestic

steel framing product

United States

Friendly

Pending

Single Bidder

Synopsis

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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.

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