Astec Industries To Acquire Asphalt Plant Equipment Maker CWMF
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Astec Industries, Inc. (ASTE) announced it will acquire CWMF Corporation, an asphalt plant equipment manufacturer with $50 million in annual revenue. The transaction is expected to be accretive from day one and is set to close in Q1 2026. Astec's shares rose over 1% in pre-market trading. The acquisition aligns with Astec's growth strategy and is anticipated to integrate efficiently.
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