BOMAG to acquire certain roadbuilding assets and operations from Terex
February 12, 2013 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.”