Astec Industries acquires RexCon

US aggregate prep equipment producer Astec Industries has acquired concrete batch manufacturer RexCon in a US$26 million cash deal
Astec Industries acquires RexCon Astec Industries acquires RexCon Astec Industries acquires RexCon Astec Industries acquires RexCon Astec Industries acquires RexCon

Staff reporter

Astec did not reveal the timeline for the deal’s closure, or how branding for the newly acquired company’s line will be managed going forward.

“The acquisition of RexCon reflects our stated strategy to drive focused growth, both organically and through acquisitions of strong companies, that serve the infrastructure, aggregate and mining, and energy industries,” CEO Benjamin Brock said. “RexCon is a successful, profitable company with a reputation for innovative technology and dependable quality products [and] we are a match culturally and in our approach to business.

Astec Industries’ aggregate and mining group manufactures and markets a complete line of rocker breaker systems, rock crushers feeders, vibrating screens, conveyors, washing and classifying equipment for open-mine, underground mining, quarry operations and bulk material handling systems.