Astec Industries, Inc.

Astec Industries, Inc. is a global manufacturer specializing in the design, engineering, manufacturing, marketing, and servicing of equipment and components primarily used in road building and related construction activities. Headquartered in Chattanooga, Tennessee, the company's mission is to design and build state-of-the-art equipment that enables its customers to achieve industry-leading results efficiently and profitably. Their vision, established in 2023, is "To build industry changing solutions that create life-changing opportunities."

The company operates through two main segments: Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment provides a comprehensive range of products including asphalt plants, concrete plants, asphalt pavers, material transfer vehicles, milling machines, and industrial thermal systems. The Materials Solutions segment focuses on heavy rock processing equipment, offering crushing, screening, washing, and conveying solutions for aggregate, mining, recycling, ports, and bulk handling markets. Astec also provides extensive parts and services for its equipment.

Jaco G. van der Merwe serves as the President and CEO of Astec Industries, Inc., a role he assumed in January 2023. The company recently outlined a 2030 growth plan aimed at expanding margins through increased recurring revenue and the integration of digital products. In January 2026, Astec completed the acquisition of CWMF, LLC. The company reported its first-quarter 2026 results in May 2026 and actively participates in investor conferences.