Acquiring Company
JFE Shoji Corporation
Acquired Company
CEMCO
Building MaterialPrecious MetalsManufacturing
Description
JFE Shoji America announced today the successful completion of the previously announced acquisition of CEMCO® effective October 4th, 2022. CEMCO, LLC will continue as the premier manufacturer of 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.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed