At the beginning of July, FAYAT Group, Bordeaux, France, announced it had acquired a controlling interest in Asphalt Drum Mixers LLC (ADM), based in Huntertown, Indiana. Through the acquisition of ADM, FAYAT further strengthens its strategic position in the road construction and maintenance equipment segment. ADM is joining the FAYAT Mixing Plants business unit, which includes the brands ERMONT, a worldwide leader in continuous mixing plants, and MARINI a worldwide leader in batch mixing plants.
The acquisition of ADM allows FAYAT to expand its strategic position in North America, by leveraging synergies with the following brands already present in the asphalt business: BOMAG, DYNAPAC and SECMAIR.
Being a family-owned business with decades of experience in the road construction and maintenance equipment business, the FAYAT Group will provide ADM with the backing to be a growing and long-term dependable partner for its customers. Moreover, to ensure continuity and an effective transition, FAYAT is pleased that the Boyd-Devine family will remain as a minority owner and that Mike Devine remains as president of ADM, a position he has held since 2004.
Under the FAYAT umbrella of companies, ADM will operate as an autonomous manufacturer continuing to market its products under the well-respected brand, ADM. ADM will also continue to provide its customers with long-lasting solutions to meet the custom requirements of every job, from planning to production to service after the sale. In the development of future technologies, ADM will collaborate with other companies within the FAYAT Group.
For more information, visit www.admasphaltplants.com.