JFE Shoji America announced Oct. 10 the successful completion of the acquisition of CEMCO® effective Oct. 4. CEMCO, LLC will continue manufacturing cold-formed steel framing products under the leadership of Tom Porter, president and CEO. 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.
Junji Yamada, CEO of JFE Shoji America Holdings and chairman of CEMCO, LLC, remarked, “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 as the newest member of JFE Shoji America.”
“While it is extremely sad to say goodbye to the Poliquin family as the previous shareholders, we are excited about the new opportunities that JFE brings to our employees, our customers, our vendors, and our business partners,” said CEMCO’s Porter.
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. JFE Shoji as the new owner will bring its history of success as a world-leader in steel manufacturing to the new CEMCO management team, further strengthening CEMCO as it navigates the future filled with opportunity.
CEMCO, 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 United States. Founded in 1974 and headquartered in The City of Industry, Calif., CEMCO has manufacturing and distribution operations in City of Industry, Calif.; Pittsburg, Calif.; Denver and Fort Worth, Texas. The company manufactures structural and non-structural light gauge steel framing products, metal lath, proprietary fire-air-sound products and building accessories.
