Media Coverage
Media Coverage
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
08.19.22
California Expanded Metal Products Co. (CEMCO), a market leading provider of steel framing products, has entered into a definitive agreement to be acquired by Pillsbury client JFE Shoji Corporation and its subsidiary JFE Shoji America Holdings, Inc. (JFE), one of Japan’s leading trade firms. This transaction expands JFE’s steel supply chain and allows JFE to strengthen its existing business capabilities by accelerating collaborations among businesses based in Japan, the Americas, China, and ASEAN.
CEMCO is one of the largest independent manufacturers of steel framing and lath products in the U.S. Founded in 1971 and headquartered in the City of Industry, CEMCO supplies a full range of commercial products and has serviced high profile projects in the Western United States in healthcare, office, retail, education, municipal and transportation. As a JFE subsidiary, CEMCO will continue to manufacture, sell and service high quality fabricated steel products for the construction industry, with access to JFE’s capital, supply chain and industrial operations resources.
The transaction is expected to close in September 2022 subject to receipt of regulatory approvals and the satisfaction of other customary closing conditions.
The Pillsbury team was led by Corporate partner Jeff Schrepfer in Tokyo and included associates Hana Cho, Alex Graham and Tamrong Teo, Antitrust & Competition partner Michael Sibarium and attorney Evan Storm, International Trade counsel Matthew Rabinowitz and associate Zachary Rozen, Tax partner C. Brian Wainwright, Intellectual Property special counsel Paul Thomas, Real Estate partner Jim Rishwain and associates Matthew Olhausen and David Wright, Environmental partner Michael McDonough and associate Rebecca Lee, Employment counsel Kimberly Higgins, Executive Compensation & Benefits partner Mark Jones and associate Ena Kaur, Insurance Recovery & Advisory partner Alex Lathrop and attorney Bryan Coffey.