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.
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