Astec Industries Completes Acquisition of TerraSource

MT Newswires Live

2025/07/01

Astec Industries (ASTE) said Tuesday it completed its $245 million cash acquisition of processing equipment maker TerraSource Holding.

The acquisition will increase gross profit margins, adjusted EBITDA margins and earnings per share, said Astec Industries, expecting annual run rate synergies of about $10 million by the end of year two.

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