JFE Shoji acquires electrical steel processing company in Canada
On September 2, 2019, JFE Shoji Trade Corporation ("JFE Shoji") signed a deal with Tata Steel UK Limited ("Tata Steel") to acquire 100% of the shares of Cogent Power Inc. ("CPI"), the Canadian subsidiary of Cogent Power Limited, a global supplier of electrical steels. The terms of the transaction are undisclosed.
Further information can be found on JFE Shoji's website.
Cogent Power, located in Burlington, Ontario, focuses on the manufacture and processing of electrical steels, and is the largest scale core manufacturer for transformers in North America.
JFE Shoji, headquartered in Tokyo, Japan, is the core trading firm of JFE Group. It processes and distributes steel products, iron and steel raw materials and more, both in Japan and internationally.