Announced
Financials
Tags
Majority
Private
Building Materials: Other
Acquisition
Domestic
steel framing product
United States
Friendly
Pending
Single Bidder
Synopsis
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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