FG Acquisition Corp. (FGAC), a special purpose acquisition company, completed its acquisition of Strong/MDI Screen Systems, Inc. (MDI), a leading manufacturer and distributor of premium large-format projection screens.

In connection with the closing of the MDI acquisition, FGAC renamed itself Saltire Holdings, Ltd. 

Concurrently with the closing, Saltire entered into a management agreement with Saltire Partners, Inc. to provide management services to Saltire. Saltire’s unique structure includes a 20 percent ownership position in the Manager, a stand-alone investment manager that will seek to develop, through organic growth and selected strategic acquisitions, a strong and differentiated asset management platform.