Japanese steel maker JFE Group’s trading arm JFE Shoji’s subsidiary JFE Shoji America has entered into a definitive agreement to acquire all the outstanding shares of California Expanded Metal Products from the Poliquin family ownership group. The transaction is expected to close in late September 2022 following customary closing conditions and regulatory approval. California Expanded Metal Products has evolved from a single plant to four manufacturing and distribution locations in over 520,000 square feet with over 1,000 tons of daily production capacity. Post close, California Expanded Metal Products will operate identically to its current operations. CEMCO's current management structure will remain in place and will allow CEMCO to provide the same high-level of service that its customers have come to expect.Founded in 1974, California Expanded Metal Products, which has been owned and operated by the Poliquin family since 1981, is one of the largest independent manufacturers of steel framing and lath products in the US. Founded in 1974 and headquartered in The City of Industry in California, California Expanded Metal Products has manufacturing and distribution operations in City of Industry, Pittsburg, in California; Denver in Colorado and Fort Worth in Texas. The company manufactures structural and non-structural light gauge steel framing products, metal lath, proprietary fire-air-sound products and building accessories.Its product segments include Viper-X and ViperStud Drywall Framing Products, Metal Lath, CEMCO joint firestopping products, ProX Header, Sure-Span steel framing floor joist system, Sure-Board for shear wall panels, and water-management products along with its SFIA Code Certified steel framing products.California Expanded Metal Products s transaction advisors included DA Davidson as sole financial advisor, DLA Piper for legal counsel, and KPMG for tax advisory. Mizuho served as financial advisor, Pillsbury Withrop Shaw Pittman as legal counsel, and Deloitte and Touche as tax and due diligence advisor for JFE Shoji America
Japanese steel maker JFE Group’s trading arm JFE Shoji’s subsidiary JFE Shoji America has entered into a definitive agreement to acquire all the outstanding shares of California Expanded Metal Products from the Poliquin family ownership group. The transaction is expected to close in late September 2022 following customary closing conditions and regulatory approval. California Expanded Metal Products has evolved from a single plant to four manufacturing and distribution locations in over 520,000 square feet with over 1,000 tons of daily production capacity. Post close, California Expanded Metal Products will operate identically to its current operations. CEMCO's current management structure will remain in place and will allow CEMCO to provide the same high-level of service that its customers have come to expect.Founded in 1974, California Expanded Metal Products, which has been owned and operated by the Poliquin family since 1981, is one of the largest independent manufacturers of steel framing and lath products in the US. Founded in 1974 and headquartered in The City of Industry in California, California Expanded Metal Products has manufacturing and distribution operations in City of Industry, Pittsburg, in California; Denver in Colorado and Fort Worth in Texas. The company manufactures structural and non-structural light gauge steel framing products, metal lath, proprietary fire-air-sound products and building accessories.Its product segments include Viper-X and ViperStud Drywall Framing Products, Metal Lath, CEMCO joint firestopping products, ProX Header, Sure-Span steel framing floor joist system, Sure-Board for shear wall panels, and water-management products along with its SFIA Code Certified steel framing products.California Expanded Metal Products s transaction advisors included DA Davidson as sole financial advisor, DLA Piper for legal counsel, and KPMG for tax advisory. Mizuho served as financial advisor, Pillsbury Withrop Shaw Pittman as legal counsel, and Deloitte and Touche as tax and due diligence advisor for JFE Shoji America
