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Astec Completes Acquisition of CWMF, LLC
Globenewswire· 2026-01-02 21:45
Revenue growth potential, margin expansion, EPS accretivePurchase price of $67.5 million in cash, on a cash-free, debt-free basisSynergies expected by end of year oneExpected proforma net leverage ratio of 1.5 - 2.5x net debt/adjusted EBITDA CHATTANOOGA, Tenn., Jan. 02, 2026 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ: ASTE) (“Astec” or “Company”) today announced the completion of its acquisition of CWMF, LLC (“CWMF”). Astec anticipates the acquisition will increase gross profit margins, adjusted EBI ...