JFE Shoji Corp. has entered into a definitive agreement to acquire all the outstanding shares of California Expanded Metal Products Co. from the Poliquin family ownership group. The transaction is expected to close in late September 2022 following customary closing conditions and regulatory approval.
“JFE Shoji America has a disciplined acquisition model,” remarked Junji Yamada, CEO of JFE Shoji America Holdings. “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.”