Astec to acquire concrete batch plant manufacturers CON-E-CO and BMH Systems
Astec Industries has acquired two full-line concrete batch plant manufacturers serving customers around the world. Astec has acquired Concrete Equipment Company (CON-E-CO) and BMH Systems, which had combined annualized sales in 2019 of approximately $50 million.
"We are very pleased to welcome CON-E-CO and BMH Systems to Astec," commented Barry A. Ruffalo, Chief Executive Officer of Astec. "The addition of these highly regarded brands, along with our existing RexCon brand of concrete products will significantly strengthen our ability to serve our customers' needs - Rock to Road. By bringing these product lines together, our global customers will have access to the most robust line of concrete products in the infrastructure industry. Both organizations are an excellent cultural fit with Astec, as they are customer focused, innovative and performance-oriented. These acquisitions also reflect our disciplined capital allocation process, and we maintain significant financial flexibility as we continue to effectively manage our operations in this unprecedented environment."
As one of the latest models in the R2-Series excavator lineup, the Bobcat® E88 delivers durability, performance and quality for more productivity. Technically speaking, it's a compact machine, but it brings big performance with its redesigned engine and optimized lift performance, plus undercarriage and counterweight improvements. All these enhancements make this excavator one of the highest-performing models in its size class. With impressive over-the-side lift capacity, you can dig with greater confidence over the side of the machine. Put it to the test against similar models from other manufacturers. You'll see that the E88 can outwork the competition.