DUECO acquisition allows Terex to expand its footprint
City of Pewaukee employees received job offers or severance packages Thursday

By Katherine Michalets - Special to The Freeman

Feb. 6, 2015

  Finals mechanic Dan Blanchette puts the finishing touches on a drill truck at Dueco in the
City of Pewaukee in January 2011. 

Freeman file photo

CITY OF PEWAUKEE - For nearly 19 years Chris Koterba has worked at DUECO, Inc., during which time he has seen the company grow immensely and has felt appreciated by the family owners who would frequent the shop floor and knew the employees by their names.

On Wednesday, DUECO CEO and President Judie Taylor first told The Freeman that the company had been acquired by Terex Corporation, a heavy equipment manufacturer with international operations.

Koterba said the atmosphere at the City of Pewaukee company, which sells and services bucket and aerial lift trucks, was more relaxed Thursday after representatives from DUECO and Terex met with employees.

Most like Koterba kept their jobs, but some employees were provided severance packages, he said.

Taylor did not return calls for comment by deadline Thursday. She is the third generation of the family to lead the company.

According to an announcement from the companies, Terex Corporation acquired “substantially all of the assets of DUECO.” DUECO’s operations will now be part of the Utilities and Services business units of Terex Corporation.

“Historically, the Terex and DUECO team members have been working on parallel paths to support the customers in the marketplace,” Taylor said in a Thursday statement. “It is a natural synergy, and we are excited that the collaboration of the combined teams, and the breadth and depth of their knowledge-base, will be unsurpassed in the industry. We are ready to build and grow the Terex brand.”

Koterba, a shop service technician who focuses on mobile hydraulics, said he felt  the companies were working hard to make it a smooth transition.

“It sounds like they put a lot of thought and detail into helping this transition come through to benefit as many people as possible involved,” he said, adding it appeared maintaining the culture developed at DUECO was also part of the plan.

“Terex is very excited to be able to utilize what we have done on our own and bring us into their organization,” Koterba said.

Even with 300-plus employees in two locations, and about 200-plus employees in City of Pewaukee, Koterba said the DUECO owners knew who the employees were.

The two companies have worked together for many years. Terex introduced the hydraulic digger derrick to the electric utility market in 1945 and DUECO was founded in 1955 by Pete Dalum. In 1992, DUECO sold Hi-Ranger to Terex and changed its own name from Dalum’s Utility Equipment Company to DUECO.

 “DUECO has been a major part of our business for the past 55 years. We are very happy to have the opportunity to bring their entrepreneurial spirit and customer responsiveness into our organization,” said Don Anderson, vice president and general manager of Terex Utilities, in a statement.

Combined, Terex and DUECO will have a national footprint with more than 700 technicians and 56 service center locations, according to the announcement. 

www.terex.com

http://dueco.com