Fayat Group to acquire Terex Roadbuilding assets
The Fayat Group intends to buy a number of assets from CMI Terex from its road building operations. The purchase agreement covers acquisition of certain product lines in North America, and the road building operations of Terex in Brazil. This deal will be a significant breakthrough for Fayat’s road machinery subsidiary Bomag as well as the mixing plant business unit operations Marini Ermont. “The addition of these product lines enhances the position of the 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, executive managing director of the Fayat Group. This agreement includes the road building operations of Terex in Brazil which manufactures mainly asphalt plants and pavers at a site in Porto Alegre. It also includes the Cedarapids pavers and material transfer vehicles and CMI reclaimer/stabiliser product lines built at a plant in Oklahoma City, USA. This deal will boost the Fayat Group’s presence in the North American and South American road infrastructure markets and will allow the firm to capitalise on increasing demand for asphalt products, mixing plants and compaction equipment.