Astec Industries, Inc. announces that it has entered into a definitive agreement to acquire assets and key personnel of JR's Welding, Inc. a rebuilder and manufacturer of asphalt milling drums and cutter housings headquartered in Norwalk, Ohio.

Incorporated in 1998, JR's Welding is an industrial welding facility. The company supplies the asphalt milling industry proprietary wear components of asphalt milling machines that provide superior performance and increased life in the field. JR's Welding will relocate to Chattanooga, TN with key personnel Jeff Rule and Jeff Rule Jr. The transaction is expected to close during the third calendar quarter.