SANTA FE SPRINGS, Calif. — Shapco Inc., parent company of Kelly Pipe, and JFE Shoji Trade Corp., along with its subsidiary JFE Shoji Trade America have reached an agreement that JFE Shoji will acquire 100 percent of the membership interests of Kelly from Shapco Inc. The acquisition is expected to close in 2014.
JFE Shoji is a Japanese trading company that is a wholly owned subsidiary of JFE Holdings Inc., which also is the parent company of JFE Steel Corp. JFE Steel is an integrated steel manufacturer that produces about 30 million metric tons annually of high-quality steel products.
JFE Shoji has 55 sales offices in 19 countries, including Los Angeles, Calif., and Houston, Texas, and 26 group companies in 12 countries, including 16 steel-processing centers.
Kelly Pipe has provided more than 100 years of supply chain management in line pipe, OCTG and standard pipe in the North American and overseas markets.