CHATTANOOGA, TN – Astec Industries, Inc. (Nasdaq:ASTE) recently announced the acquisition of Concrete Equipment Company, Inc. (“Con-e-Co”), a full-line concrete batch plant manufacturer serving customers around the world. Terms of the transaction were not disclosed.
“We are very pleased to welcome Con-e-Co to Astec,” commented Barry A. Ruffalo, Chief Executive Officer of Astec. “The addition of this well-known brand of products will strengthen our ability to serve our customers’ needs – Rock to Road. Con-e-Co is an excellent cultural fit with Astec, as they are customer focused, innovative and performance-oriented.”
Con-e-Co, headquartered in Blair, NE, engineers, manufactures and supports a complete line of portable and stationary concrete batch plants, mixers, material handling systems and dust control. Con-e-Co’s complementary brands and product lines will enable Astec to better compete in the concrete segment of the Infrastructure Solutions group while leveraging sales and purchasing across the combined organizations.