OEM Astec Industries has signed a definitive agreement to acquire asphalt plant equipment manufacturer CWMF.
Chattanooga, Tenn.-based Astec, which makes specialized equipment for asphalt road building, aggregate processing, concrete production and recycling, expects the acquisition to close in the first quarter of 2026, according to a company release today. Terms of the deal were not disclosed.
CWMF’s distribution footprint is concentrated in the Midwest, South-Central and Great Lakes regions. The deal aligns with Astec’s growth strategy and will expand its manufacturing capabilities…