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FG Acquisition Corp. announces the proposed acquisition of Strong/MDI Screen Systems, Inc. and the launch of Saltire Holdings, The acquisition aims to acquire a leading global manufacturing and distribution business, providing a compelling investment opportunity. The newly formed Saltire Holdings, plans to build a portfolio of profitable private equity investments. MDI is a premier manufacturer of large-format projection screens, supplying major cinema operators worldwide. The acquisition values MDI at $30 million, with FGAC intending to acquire all outstanding shares. Upon completion, FGAC will rename itself Saltire Holdings, , with an emphasis on long-term total returns through capital appreciation by investing in undervalued securities.