# FAYAT Group acquires majority stake in Asphalt Drum Mixers

The FAYAT Group acquired a controlling interest in Asphalt Drum Mixers (ADM), a manufacturer of asphalt plants based in Huntertown, Indiana. The acquisition strengthens FAYAT's position in the North American road construction equipment market.

- Type: Acquisition
- Announced: 2024-07-02
- Where: Huntertown, Indiana, United States
- Status: completed
- Products: asphalt plants, asphalt plant components
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Fayat Group](https://endata.com/companies/907.md) (acquirer)
- [Asphalt Drum Mixers](https://endata.com/companies/78406.md) (target)

## Sources

- [aggbusiness.com](https://www.aggbusiness.com/fayat-buying-majority-stake-adm/), 2024-07-02: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.