JFE Shoji Corporation, Tokyo, Japan and its subsidiary JFE Shoji America Holdings, Inc., Los Angeles, California, has completed the previously announced acquisition of CEMCO® effective October 4th, 2022.
CEMCO, LLC will continue as the premier manufacturer of cold-formed steel (CFS) framing products under the leadership of Tom Porter, president and chief executive officer. 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. We seek valuable franchises with strong brands, similar corporate cultures, and excellent business fundamentals,” said Junji Yamada, CEO of JFE Shoji America Holdings and chairman of CEMCO, LLC. “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.”
CEMCO has provided cold-formed steel (CFS) for many high-profile projects, including SoFi Stadium in southern California. Photo courtesy of CEMCO
“While it is extremely sad to say goodbye to the Poliquin family as the previous shareholders,” said Porter, “we are excited about the new opportunities that JFE brings to our employees, our customers, our vendors and our business partners.”
CEMCO plans to manage and grow the business with the same foresight and vision, resulting in one of the industry’s most influential and innovative manufacturers in the nation. As the new owner, JFE Shoji will bring its history of success as a world-leader in steel manufacturing to the CEMCO management team, further strengthening CEMCO as it navigates a future filled with opportunity.
Read the complete CEMCO news release here.
About JFE Shoji Corporation
JFE Shoji Corporation is working to establish a more stable revenue base by expanding both trade and business. In addition, JFE Shoji strengthens business foundation by accelerating collaborations between business bases based on global four key regions, which focuses on Japan, the Americas, China, ASEAN.
By expanding supply chain from upstream to downstream with the focus on steel-related businesses, JFE Shoji opens new possibilities and pursue social and environmental issues such as carbon neutrality and a recycling-oriented society as opportunities for growth. While taking advantage of the management resources and information network, JFE Shoji is working on ESG management to lead during the times ahead.
For more information on JFE Shoji Corporation, visit https://www.jfe-shoji.co.jp/en/.
About CEMCO®
CEMCO is the premier manufacturer of cold-formed steel framing and metal-lath products in the United States. 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.
Founded in 1974, CEMCO is theleader in quality, service, and product development, and offers one of the broadest product lines available in cold-formed steel framing and metal lath and plastering products used for both the commercial and residential construction markets.
For more information about CEMCO, visit www.cemcosteel.com. CEMCO is a member of the Steel Framing Industry Association.
Additional Resources
- CEMCO
- Manufacturing Volume of Cold-Formed Steel Framing Products Up 11.2% in Q2 2022
- SFIA Celebrates 10 Years of Industry Leadership at Historic Annual Meeting