Finals mechanic Dan Blanchette puts the finishing touches on
a drill truck at Dueco in the
City of Pewaukee in January 2011.
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.
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.
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
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.
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
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
shop service technician who focuses on mobile hydraulics, said
he felt the companies were working hard to make it a smooth
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.
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.
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.
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.
Terex and DUECO will have a national footprint with more than
700 technicians and 56 service center locations, according to