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News  ›  Benzinga

Astec Enters into Definitive Agreement to Acquire CWMF Corporation

Benzinga Logo Benzinga By Globe Newswire
Astec Enters into Definitive Agreement  to Acquire CWMF Corporation

Astec Industries announced it will acquire CWMF Corporation, a manufacturer of asphalt plant equipment with approximately $50 million in annual revenues. The acquisition is expected to close in Q1 2026 and be immediately accretive to Astec's financial performance.

Insights
ASTE   positive

Company is pursuing a disciplined growth strategy, expects efficient integration, and anticipates financial benefits from the acquisition