Rob Meckler, Basic Supervisor FAYAT North America Street Division, Victoria Boyd-Devine, Associate of ADM, Mike Devine, President of ADM, Jamie Roush, President of Dynapac.
FAYAT
BREAKING NEWS: Simply forward of the Fourth of July vacation, the Fayat Group shocked the trade and introduced it had acquired a controlling curiosity in North American asphalt plant producers Asphalt Drum Mixers Inc. (ADM), efficient July 1, 2024. Whereas there have been some rumors swirling the newest World of Asphalt in Nashville, TN, that the FAYAT Group had some curiosity in becoming a member of the North American asphalt manufacturing market, there weren’t any indications about when such a transfer may occur.
The addition of ADM compliments their world FAYAT Mixing Vegetation enterprise unit, which incorporates the manufacturers ERMONT, a worldwide chief in steady mixing crops, and MARINI a worldwide chief in batch mixing crops. Total, this enables FAYAT to additional strengthen its home place within the asphalt and street constructing trade alongside their different manufacturers: BOMAG, DYNAPAC, and SECMAIR.
In line with a press launch despatched out by FAYAT:
The FAYAT Group will present ADM with the backing to be a rising and long-term reliable associate for its clients. Furthermore, to make sure continuity and an efficient transition, FAYAT is happy that the Boyd-Devine household will stay as a minority proprietor and that Mike Devine stays as President of ADM, a place he has served since 2004.
“We’re very joyful to affix the FAYAT household and have already seen many alternatives to develop ADM and to supply extra and higher options to our clients” mentioned Mike Devine, President of ADM. “We sit up for a long-lasting partnership with the FAYAT Group.”
The Future For ADM
At present, ADM will now come beneath the FAYAT group umbrella of firms, nonetheless, it’ll proceed to function autonomously as producer of the trusted merchandise that their clients have come to rely on. Moreover, ADM will nonetheless present its shoppers with the kind of relationships and options they’ve come to count on from the corporate from customized planning, to manufacturing, and repair. Going ahead, ADM will take pleasure in collaboration with the opposite firms inside the FAYAT Group to develop future applied sciences and improvements going into the longer term.
“This acquisition is a good alternative for the FAYAT Group and its clients, as ADM is a key participant within the street development tools market in North America, with a extremely acknowledged model,” mentioned Jean-Claude Fayat, President of the FAYAT Group. “ADM has a superb strategic place in our Group, and we plan to develop and broaden its presence and product providing. We are going to leverage its experience and applied sciences along with our current portfolio to repeatedly develop tools that intently addresses our clients’ wants.”
