Terex Corporation has sold assets of Terex Roadbuilding Division to Fayat Group
Lincoln International, a leading global mid-market investment bank, announced that Terex Corporation (NYSE:TEX) divested its Roadbuilding operations in Brazil and certain mobile Roadbuilding product lines in the United States to the Fayat Group of France. Divested product lines include asphalt plants and pavers manufactured in Porto Allegre, Brazil, and assets for the asphalt paver, reclaimer stabilizer and material transfer product lines manufactured in Oklahoma City, Oklahoma. Lincoln International acted as the exclusive financial advisor to Terex Corporation. Terms of the transaction were not disclosed.
Terex Roadbuilding, headquartered in Oklahoma City, Oklahoma with significant operations and a production facility in Porto Allegre, Brazil, is a leading manufacturer of the broadest line of asphalt and concrete paving equipment in the world with product offerings in five customer-focused business units: Asphalt Mobile Equipment, Asphalt Plants, Concrete Mobile Equipment, Concrete Plants and Landfill Compaction. Several of Terex Roadbuilding’s products hold #1 or #2 market positions in their respective geographies and are utilized for commercial and residential construction by building and road construction contractors, infrastructure developers, airports, municipalities, departments of transportation, solid waste operators and the military. The acquisition represents a significant breakthrough for Fayat and its subsidiary BOMAG GmbH as well as the mixing plant business unit subsidiary Marini-Ermont and enhances the position of Fayat Group for long term success and significant growth potential in the industry.
Terex Corporation is a diversified global manufacturer reporting in five business segments: Aerial Work Platforms, Construction, Cranes, Material Handling and Port Solutions and Materials Processing. Terex manufactures a broad range of equipment for use in various industries, including the construction, infrastructure, quarrying, manufacturing, mining, shipping, transportation, refining, energy and utility industries.
Lincoln International worked closely with Terex Corporation’s and Terex Roadbuilding’s senior management teams throughout the sale process, including providing advisory expertise and managing the marketing, negotiation and due diligence phases of the transaction.
With a presence in 120 countries and 18,500 employees, FAYAT is active worldwide, providing efficient technical solutions for construction and public works, steel construction, electricity, road equipment, handling material and pressure vessels. The Group, a 100% privately owned company, reported €3.4 billion revenues in 2012. FAYAT is a world leader in compaction through its subsidiary BOMAG and a main player in mixing plants with Marini-Ermont. More information about FAYAT can be obtained at www.fayat.com.
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