DUECO sold to Terex Corp.

By Katherine Michalets - Special to The Freeman

Jan. 5, 2015

CITY OF PEWAUKEE - Longtime Waukesha County business DUECO, Inc. has been sold to Terex Corporation, a heavy equipment manufacturer with international operations.

DUECO CEO and President Judie Taylor confirmed Wednesday evening that the business her family started in 1955 was sold to Terex. She declined to provide further details Wednesday, but said more information would be available in the coming days.

City of Pewaukee-based DUECO sells and supports the Terex Telelect digger derricks and Terex Hi-Ranger bucket trucks and a host of other utility equipment lines.

The two companies have had a working relationship for many years.

In 2014, DUECO expanded Terex Utilities products and support to Montana and Wyoming, which is the same year Taylor was named CEO, according to DUECO’s website. In 1992, DUECO sold Hi-Ranger to Terex and changed its own name from Dalum’s Utility Equipment Company to DUECO.

It was in 1955 that Pete Dalum started what has become DUECO. Taylor represents the third generation of the family to lead the company.

Terex Corporation had net sales of $1,809.8 million in the third quarter of 2014. It will announce its financial information for the fourth quarter later this month.

www.dueco.com