FAYAT GROUP announces that it has entered into a purchase agreement to acquire certain road building assets and operations from CMI TEREX Corporation
Driven by a key strategic initiative to expand its leading position and support for customers in the road building industry, FAYAT GROUP today announced it has entered into a purchase agreement to acquire certain product lines in North America, and the road building operations of TEREX in Brazil (ex-Cifali). This is a significant breakthrough for FAYAT subsidiary BOMAG as well as the mixing plant business unit subsidiaries MARINI-ERMONT.
“The addition of these product lines enhances the position of FAYAT GROUP as the only full liner in road building equipment, for long term success and significant growth potential in the industry. Moreover, it accelerates our footprint in emerging countries”, said Jean-Claude Fayat, FAYAT GROUP Executive Managing Director.
This agreement includes:
- The road building operations of TEREX in Brazil (ex-Cifali), manufacturing mainly asphalt plants and pavers – Porto Alegre, Brazil ;
- Cedarapids® pavers and material transfer vehicles / devices and CMI® reclaimer / stabilizer product lines – Oklahoma City, USA*.
The aging roads infrastructure of North America and the continued development of infrastructure in South America, are expected to sustain an increasing demand for asphalt products, mixing plants and compaction equipment.
This project aims at reinforcing FAYAT GROUP offer and expertise in road building solutions.
* Cedarapids® and CMI® are registered trademarks of TEREX Corporation or its affiliates and are used by FAYAT GROUP under perpetual license.