Fayat Group completes acquisition of LeeBoy

The Fayat Group has announced the completion of its 100% stake in US-based LeeBoy. Image: LeeBoy

LeeBoy is now part of the Fayat Road Equipment Division, bringing the Fayat Group Division’s total production facilities to 30 sites across Europe, Asia and the Americas.

The LeeBoy acquisition will expand and strengthen the Road Equipment Division’s asphalt and road building equipment offerings, especially in the commercial and municipal paving and road maintenance market segments.

The North American market is a strategic priority for the Fayat Group, and this acquisition broadens the company’s product offering in the US and Canada.

In a press release the Fayat Group said that the purchase of LeeBoy enables it to reinforce its position in North America through leveraging synergies of asphalt brands currently a part of the Road Equipment Division, including BOMAG, Dynapac, Asphalt Drum Mixers (ADM), Ravo, Scarab, Dulevo, Charlatte and, most recently, Mecalac.

LeeBoy will maintain its brand identity and operational autonomy. The Fayat Group has said that it will support LeeBoy’s management team with both short- and long-term investments to further strengthen its market position.

“Adding LeeBoy’s highly respected equipment offering will enable Fayat to better serve road-building customers with a more comprehensive range of solutions,” said Fayat Group President, Jean-Claude Fayat.

“The acquisition presents many opportunities for collaboration with other brands within our Road Equipment Division in the areas of research and development, manufacturing, technology, purchasing, sales and exploring select international markets.”