Astec Industries Acquires TerraSource Holdings for $245 Million in Strategic Expansion

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Astec Industries Acquires TerraSource Holdings for $245 Million in Strategic Expansion

Astec Industries Inc. has announced the acquisition of TerraSource Holdings LLC from Right Lane Industries for a purchase price of $245 million. TerraSource, headquartered in Saint Louis, is a leading provider of material handling equipment and related aftermarket parts and services for crushing and separating applications globally. The transaction, advised by Key Banc Capital Markets, is expected to close by July 1, following customary regulatory approvals and closing conditions. This acquisition aims to enhance TerraSource's market leadership and growth trajectory under Astec's ownership.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Astec Industries Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250501076836) on May 01, 2025, and is solely responsible for the information contained therein.

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