FAYAT buying majority stake in ADM

FAYAT is buying a majority stake in US firm ADM.
By MJ Woof July 3, 2024 Read time: 2 mins
The Fayat Group is expanding its North American presence with a purchase of a majority share in Asphalt Drum Mixers


The FAYAT Group has acquired a controlling interest in Asphalt Drum Mixers LLC (ADM), based in Huntertown, Indiana. ADM manufactures high-quality asphalt plants and components for contractors and asphalt producers worldwide.

Through the acquisition of ADM, FAYAT strengthens its strategic position in the road construction and maintenance equipment segment, particularly for the North American market. ADM is joining the FAYAT Mixing Plants business unit, which includes the brands ERMONT, a leader in continuous mixing plants, and MARINI a leader in batch mixing plants.

The acquisition of ADM allows FAYAT to expand its strategic position in North America, by leveraging synergies with its existing BOMAG, DYNAPAC and SECMAIR brands.

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 partner for its customers. 

The Boyd-Devine family will remain as a minority owner and 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.

“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 recognised 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” said Mike Devine, president of ADM. “We look forward to a long-lasting partnership with the FAYAT Group.”
 

Asphalt milling, paving & compaction

For more information on companies in this article

Related Content

  • Management changes at Fayat Group and its BOMAG operation
    May 9, 2017
    BOMAG now has a new president, with Jörg Unger handing over the running of this business to Ralf Junker. In future, Jörg Unger will focus on the development and growth of the FAYAT Road Equipment business as president of the entire FAYAT Road Equipment Division. Ralf Junker has extensive experience at BOMAG. He has worked for BOMAG since 1988, been a management member since 2001, and managing director of BOMAG since 2009. He is currently responsible for production worldwide and, as president, will assume re
    Read More
  • Terex MP buys Canadian concrete mixer company
    August 2, 2022
    Terex Materials Processing (MP) has acquired Canadian company ProAll, a specialist producer of mobile volumetric concrete mixers.
    Read More
  • Peri buys majority stake in Kern Tunneltechnik
    December 14, 2023
    Peri is purchasing the shares of Kern Tunneltechnik from the WALO Group, based in Zurich.
    Read More
  • Fayat Group to acquire Terex Roadbuilding assets
    January 6, 2017
    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
    Read More

Highlighted Content