Terex Completes Acquisition

Terex Corp. has completed the acquisition of CMI Corp., a manufacturer of mobile equipment and materials processing equipment for the road building and heavy construction industry.

``We are delighted to welcome CMI to Terex's family of businesses,'' said Ronald M. DeFeo, Terex's chairman and CEO. ``The acquisition of CMI is an excellent fit with our infrastructure business and the integration of CMI's portfolio of products will continue to strengthen the Terex franchise and diversify the product range available to our customer base.''

CMI products include asphalt and concrete mixing plants, road profiling and reclaiming equipment, concrete paving systems and landfill compactors and grinders.

Terex, headquartered in Westport, Ct., is involved in a wide range of businesses in the construction, infrastructure, recycling and mining-related capital equipment industries. It goes under the brand names of Terex, Unit Rig, Payhauler, O&K, Fermec, Benford, Powerscreen, Finlay, B.L. Pegson, Simplicity, Cedarapids, Grayhound, Jaques, Canica-Jaques, Lorain, PPM, P&H, Franna, Marklift, Koehring, Bendini, RO, Telelect, Square Shooter, American, Italmacchine, Peiner, Comedil, Matbro, Amida, Bartell, Coleman, Muller and Morrison.