JFE Shoji America Holdings, Inc. Completes Acquisition of CEMCO
JFE Shoji America announced today the successful completion of the previously announced acquisition of CEMCO, effective Oct. 4. CEMCO, LLC will continue as the premier manufacturer of cold-formed steel framing products under the leadership of President and CEO Tom Porter. Former CEO and Chairman of the Board Ted Poliquin will remain as Executive Advisor. Joining CEMCO’s leadership team will be Toshihiko (Tosh) Iizuka as CFO and Tadao (Tad) Takahashi as Vice President of Corporate Planning.
“JFE Shoji America has a disciplined acquisition model,” remarked Junji Yamada, CEO of JFE Shoji America Holdings and Chairman of CEMCO, LLC. “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 as the newest member of JFE Shoji America.”