Astec Industries acquires RexCon in $26 million cash deal

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Astec Industries has bought the assets of RexCon LLC, a concrete batch plant manufacturer based in Burlington, Wisconsin, for $26 million cash.

“The acquisition of RexCon reflects our stated strategy to drive focused growth, both organically and through acquisitions of strong companies, that serve the infrastructure, aggregate and mining, and energy industries,” said Astec CEO Benjamin G. Brock.

RexCon is a U.S. manufacturer of stationary and portable, central-mix and ready-mix concrete batch plants, concrete mixers, and concrete paving equipment.

Astec manufactures specialized equipment for asphalt road building; aggregate processing; oil, gas and water well drilling; and wood processing.