ASTE · Astec Industries Inc

Revenue growth potential, margin expansion, EPS accretive Purchase price of $67.5 million in cash, on a cash-free, debt-free basis Synergies expected by end of year one Expected 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 EBITDA margins and earnings per share. Jaco van der Merwe, Astec President and CEO said: “We are pleased to welcome the CWMF employees into the Astec family. CWMF has strong customer relationships in the Midwest, South-Central and Great Lakes regions of the United States and is an excellent cultural fit with Astec. The addition enhances our ability to serve our customers, increases capacity in our Infrastructure Solutions segment and