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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