Astec to Sell Roadtec and Carlson Businesses to Komatsu for $75 Million

Astec expects the divestiture to eliminate the businesses’ operating losses and increase earnings per share. The company said it expects to receive about $65 million in proceeds from the transaction.

Astec plans to use the proceeds to strengthen its balance sheet, giving it more flexibility to invest in its asphalt, aggregates and concrete platforms and pursue strategic acquisitions.