Astec Industries, Inc. (NasdaqGS:ASTE) signed a definitive agreement to acquire CWMF Corporation on December 4, 2025.
For the period ending December 31, 2024, CWMF Corporation reported annual revenues of approximately $50 million.
The transaction is expected to close in the first quarter of 2026.
Astec Industries, Inc. (NasdaqGS:ASTE) completed the acquisition of CWMF Corporation for $67.5 million on January 2, 2026. As part of the acquisition, CWMF employees would join Astec family.
Astec Industries, Inc. is a manufacturer of specialized equipment for asphalt road building, aggregate processing and concrete production. The Company’s manufacturing operations are divided into two business segments: Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment designs, engineers, manufactures and markets a complete line of asphalt plants, concrete plants and their related components and ancillary equipment, including industrial automation controls and telematics platforms, as well as asphalt road construction equipment, industrial thermal systems, land clearing, recycling and other heavy equipment. The Materials Solutions segment designs and manufactures heavy rock processing equipment, in addition to servicing and supplying parts for the aggregate, mining, recycling, ports and bulk handling markets. It also operates a line of controls and automation products designed to deliver enhanced productivity through improved equipment performance.
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