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Astec Industries Inc.

CAGE Codes:

About Astec Industries Inc.

Astec Industries was created by J. Don Brock in 1972, in the state of Tennessee. The company didn’t go public until 1986, when they entered the market with a $12 million initial public offering. In 1987, Astec purchased competitor Barber-Greene Co, and the trend continued through the 90’s. The company acquired Johnson Crushers, Superior Industries, Teledyne Instruments Inc, and American Augers during this time. Astec Industries is a manufacturer and distributor of road building equipment, materials, and services. They are a global leader in asphalt manufacturing plants.

Products, Services, and Platforms

Infrastructure: Astec designs, engineers, manufactures and markets a complete line of asphalt and related components primarily for the asphalt production and paving industries. Certain component equipment supplied by Astec for asphalt plants is manufactured by Astec’s subsidiaries, such as heating/storage equipment and material handling equipment. A typical asphalt mixing plant consists of heating and storage equipment for liquid asphalt; cold feed bins for blending aggregates; a counter-flow continuous type unit (Astec Double Barrel) for drying, heating and mixing; a baghouse composed of air filters and other pollution control devices; hot storage bins or silos for temporary storage of hot-mix asphalt; and a control house. Roadtec (an Astec subsidiary) manufactures asphalt pavers, material transfer vehicles, milling machines, soil stabilizing-reclaiming machinery and other equipment used in road building and resurfacing.

Aggregate and Mining: The aggregate and mining segment is comprised of eight business units which are focused on designing and manufacturing heavy processing equipment, as well as servicing and supplying parts for the aggregate, metallic mining, recycling, ports and bulk handling markets. The product line includes a complete inventory of primary, secondary, tertiary and quaternary crushers, including jaw, horizontal shaft impactor, vertical shaft sockets and cone rock crushers. Astec also manufactures industry related washing and conveying equipment, mobile screening plants, portable and stationary screen structures, vibrating screens, and high frequency screens.

Energy: The energy group division is focused on supplying heavy equipment such as heaters, drilling rigs, concrete plants, wood chippers and grinders, pump trailers, and storage equipment. The targeted industries include oil and gas, construction, and water well industries, as well as burners used in commercial, industrial, and process heating applications.

Subsidiaries/Partners

Astec’s portfolio includes the products and services of multiple subsidiaries such as Astec Australia, Astec Brasil, Astec Industries LatAm SpA, Astec Insurance Company, Astec Mobile Machinery, Astec Mobile Screens, Breaker Technology, Carlson Paving Products, CEI Enterprises, GEFCO, Heatec, Johnson Crushers International, Kolberg-Pioneer, Osborn Engineered Products, Peterson Pacific, Astec Power, RexCon, Roadtec, Telestack, and Telsmith.

Competitors

Astec’s primary competitors include ASV Holdings, Blaw-Knox Diamond Construction Equipment Corp, Blue Bird Corp, Caterpillar Inc, CNH Industrial, Columbus McKinnon Corporation, Douglas Dynamics, Gencor Industries, Hyster-Yale Materials Handling, Manitowoc Company, Miller Industries, Terex Corp, Wabash National Corp, and several others.

Cage Code: 61790, 9S987,