FAYAT Group, has completed its 100% stake in asphalt paving and maintenance equipment LeeBoy, based in the US state of North Carolina.
For more than 60 years, LeeBoy has produced asphalt pavers, distributors, brooms, chip spreaders and related equipment. LeeBoy is now part of the FAYAT Road Equipment Division, bringing the division’s total production facilities to 30 sites across Europe, Asia and the Americas.
Fayat said the LeeBoy acquisition will significantly 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 tactical acquisition broadens the company’s product offering there. The brands include BOMAG, Dynapac, Asphalt Drum Mixers (ADM), Ravo, Scarab, Dulevo, Charlatte and, most recently, Mecalac.
LeeBoy will maintain its brand identity and operational autonomy. , so it can continue delivering the products and services customers trust. FAYAT – a family business with decades-long experience in the civil works construction equipment sector – said 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 Jean-Claude Fayat, group president.
“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. We are dedicated to investing in the LeeBoy team and the local workforce,” he said.
