DLA Piper advises CEMCO on its definitive agreement to be acquired by JFE Shoji Corporation
DLA Piper advised California Expanded Metal Products Co. (CEMCO), a market leading provider of steel framing products, on its entry into a definitive agreement to be acquired by JFE Shoji Corporation and its subsidiary JFE Shoji America Holdings, Inc. The transaction is expected to close in late September 2022 following customary closing conditions and regulatory approval.
Found in 1974, CEMCO is a leader in quality, service, and product development, offering a broad line of products in cold-formed steel framing, metal lath and plastering products for commercial and residential construction markets. CEMCO supplies a full range of commercial projects, including healthcare, office, retail, education, municipal and transportation.
“We are delighted to have advised on this transformative acquisition that will provide CEMCO with increased scalability and resources,” said David Lewis, the managing partner of DLA Piper’s Phoenix office who led the deal team. “On behalf of our team, we were pleased to collaborate on an acquisition that benefited from our extensive sector knowledge and capabilities.”
The deal team was led by Lewis and associates Steve Autenrieth and Vincent Schiavoni (all Phoenix), and included partners Eileen O’Pray (Palo Alto), Julia Kovacs (Baltimore), Nate McKitterick (Palo Alto), and Jeff Salinger and Paolo Morante (both in New York); of counsel Michael Massiatte and Todd Mobley (both in Dallas); and associates Grace Guan (Los Angeles) and Myriem Bennani (Chicago).
With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 12 consecutive years, according to Mergermarket.