HUNTERTOWN, IN — FAYAT acquired a controlling interest in Asphalt Drum Mixers LLC (ADM), based in Huntertown, Indiana, which manufactures asphalt plants and components for contractors and asphalt producers worldwide.
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 continuous mixing plants company, and MARINI, a batch mixing plants company.
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 partner for its customers. Moreover, to ensure continuity and an effective transition, FAYAT announces that the Boyd-Devine family will remain as a minority owner and that Mike Devine remains as President of ADM, a position he has served since 2004.
Under the FAYAT umbrella of companies, ADM will operate as an autonomous manufacturer continuing to market its products under the brand. ADM will also continue to provide its customers with solutions to meet the custom requirements of jobs, 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 to offer customers solutions for tomorrow’s challenges.
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“This acquisition is a great opportunity for the FAYAT Group and its customers, as ADM is a key player in the road construction equipment market in North America, with a highly recognized brand,” said Jean-Claude Fayat, President of the FAYAT Group. “ADM has an excellent strategic place in our group, and we plan to grow and expand its presence and product offering. We will leverage its expertise and technologies together with our existing portfolio to continuously develop equipment that closely addresses our customers’ needs.”
“We are very happy to join the FAYAT family and have already seen many opportunities to grow ADM and to offer more and better solutions to our customers,” Devine said. “We look forward to a long-lasting partnership with the FAYAT Group.”
