Astec Industries to Sell Road-Building Equipment Business for $75 Million
By Adriano Marchese
Astec Industries has agreed to sell its money-losing road construction equipment business to a subsidiary of Komatsu in a deal with an enterprise value of $75 million.
The company on Thursday said that the divestiture to Komatsu America will include the company's Roadtec and Carlson brands, which design, manufacture and support equipment used in road construction and resurfacing.
Astec said the divestiture is expected to remove the operating losses associated with the businesses and will be accretive to its earnings per share.
From the sale, the company expects to realize about $65 million in proceeds, which it will use to strengthen its balance sheet to provide added flexibility to invest in its core asphalt, aggregates and concrete platforms and pursue strategic acquisitions.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
November 12, 2026 08:56 ET (13:56 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Growth Stocks to Buy While They’re Still Undervalued
3 of the Best Core Stocks to Own
3 Great New ETFs From 2026
The 10 Best Companies to Invest in Now
United States