DAILY NEWS Feb 12, 2013 6:57 AM - 0 comments

BOMAG to acquire certain roadbuilding assets and operations from Terex

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By: Staff Report

Driven by a key strategic initiative to expand its leading position and support for customers in the roadbuilding industry on the American continent, BOMAG (FAYAT GROUP) has entered into a purchase agreement to acquire certain product lines in North America, and the Roadbuilding operations of Latin America (ex- Cifali). This is a significant breakthrough for 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.

We are pleased to announce the agreement and are proud to welcome the Cedarapids and CMI products (asphalt pavers, reclaimer/ stabilizer and material transfer vehicles/devices) and reputable brand images into the BOMAG America’s offerings,” stated Rob Mueckler, vice-president of sales & marketing. We intend to fully leverage our collective strengths to more efficiently serve roadbuilding customers.”

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