In line with its strategy to drive growth through acquisitions, Astec Industries, Inc. ASTE announced the acquisition of substantially all of the assets and liabilities of RexCon LLC for $26 million.
Burlington, WI-based RexCon is one of the leading full-line concrete batch plant manufacturers in the United States. The company has a strong reputation for providing innovative technology and dependable quality products.
“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,” Astec CEO Benjamin G. Brock says.
The RexCon buyout is a strategic fit for Astec. RexCon's product line supports Astec's Aggregate and Mining Group segment which provides innovative solutions for the material handling, mining, recycling, construction, and demolition industries.