TECHNOLOGY

Astec Industries acquires RexCon

Astec Industries has acquired concrete batch manufacturer RexCon in a US$26 million cash deal

Staff reporter

This article is 7 years old. Images might not display.

Astec did not reveal the timeline for the deal’s closure, or how branding for the newly acquired company’s line will be managed going forward.

“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,” CEO Benjamin Brock said. “RexCon is a successful, profitable company with a reputation for innovative technology and dependable quality products [and] we are a match culturally and in our approach to business.

Astec Industries’ aggregate and mining group manufactures and markets a complete line of rocker breaker systems, rock crushers feeders, vibrating screens, conveyors, washing and classifying equipment for open-mine, underground mining, quarry operations and bulk material handling systems.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets