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Tag: Astec Industries
Roadbuilding
Astec will close Telsmith plant, move products to other facilities
Astec Industries says it will close its Telsmith plant in Mequon, Wisconsin, and move the production of Telsmith products to other Astec plants. The closing will occur in phases, beginning in August and ending in March, 2021. Astec says the decision was driven “by the desire to simplify and focus business units and develop product lines […]
June 11, 2020
ConExpo-Con/Agg
Breaker Technology to display CX Series hammers at ConExpo 2020
Breaker Technology Incorporated (BTI), an Astec Industries company, will show its range of hydraulic excavator attachments in the Astec booth, C-30336, located in the Central Hall at ConExpo 2020. (You can see more of what OEMs have in store for ConExpo 2020 in our show preview page by clicking here.) BTI offers 15 hydraulic breaker […]
January 10, 2020
Construction Equipment
Astec seeks buyer of GEFCO drilling equipment subsidiary
Astec Industries, owner of Roadtec and Carlson paving equipment brands, plans to sell GEFCO, an Oklahoma-based designer and manufacturer of portable drilling rigs. “As part of a thorough strategic review of our product portfolio, we determined that divestiture of GEFCO enhances shareholder value and aligns with our vision for the future of Astec Industries,” says […]
December 17, 2019
Construction Equipment
Astec reports weakened demand, gets boost from plant sale in Q2 report
Astec Industries’ second-quarter financial report was bolstered by a $20 million sale of its wood pellet plant in Hazlehurst, Georgia. Without the sale, however, the results were disappointing for the company, which reported weakened demand across all of its product segments, including its Roadtec and Carlson Paving brands and its aggregates, crushing and screening products, […]
July 26, 2019
Construction Equipment
Barry Ruffalo picked as new CEO for Astec Industries
Barry Ruffalo has been appointed the new president and CEO of Astec Industries, parent company of Roadtec and Carlson Paving. Richard Dorris, who will serve as interim CEO until Ruffalo starts his new job August 12, will return to serving as chief operating officer. Dorris has been interim CEO since January 21 when Benjamin G. […]
July 25, 2019
Construction Equipment
Astec: Earnings drop, sales flat in 1Q 2019 due to March weather
Due to floods, ice storms and heavy snow Astec saw a 2.7 percent drop in domestic sales for the first quarter of 2019. Details on Equipment World!
May 2, 2019
Construction Equipment
Bauma Preview: Carlson to introduce CP60, CP65 wheeled city pavers
Carlson Paving says it will announce two new wheeled city pavers at this year’s Bauma show in Germany. Read more on this at Equipment World.
March 27, 2019
Construction Equipment
Toro, Charles Machine Works discuss how the deal for the Ditch Witch brand went down
Toro and Charles Machine Works recently discussed the details of how the Ditch Witch deal came about. Learn more about the detail here on Equipment World.
February 19, 2019
Construction Equipment
Astec Industries acquires RexCon in $26 million cash deal
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 […]
October 4, 2017
Roadbuilding
Astec Industries reports 17% increase in net sales for 2016 to $1.15 billion
Asphalt plant manufacturer and Roadtec parent company Astec Industries reports 2016 net sales of $1.15 billion, a 17 percent increase compared to 2015, with net sales reaching $55.2 million, 68.3 percent higher than the year before. For the fourth quarter 2016, the company reports a 52 percent increase in net sales compared to the same […]
February 23, 2017
Roadbuilding
Astec Industries attributes recent sales and earnings boost to FAST Act
Asphalt plant manufacturer and Roadtec parent company Astec Industries has reported net sales of $294.4 million for the second quarter this year, a 9.9 percent increase compared to the same time period last year. Earnings increased 35.2 percent from $11.8 million in 2Q 2015 to $18.2 million this year. Domestic sales increased 24.5 percent to $243.3 […]
July 28, 2016
Roadbuilding
Roadtec president Jeffery Lee Richmond Sr. passes away at age 60
Jeffery Lee Richmond Sr., president of Roadtec Inc., a subsidiary of Astec Industries Inc., passed away June 30 while on a family vacation in Charleston, South Carolina. He was 60. Richmond had served with Roadtec since 1996, holding the positions of sales manager, vice president of sales and marketing and vice president and general manager […]
July 7, 2016
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