Astec
Astec Industries is a publicly traded diversified industrial equipment manufacturer operating 16 brands across aggregates, asphalt, concrete, industrial heating, road construction, and forestry, serving infrastructure, mining, and construction customers in 12 countries.
- Company typePublic
- Founded1989
- HeadquartersChattanooga, United States
- Headcount251–500
- GTM typeB2B
- OfferingHardware or Manufacturing
What Astec does
Astec Industries, Inc. is a publicly traded (NASDAQ: ASTE) diversified industrial equipment manufacturer headquartered in Chattanooga, Tennessee, operating through 16 brands across six product categories: aggregates processing, asphalt production, concrete batching, industrial heating (Heatec), road construction (Roadtec, Carlson), and forestry (Peterson). Its equipment portfolio spans jaw and cone crushers, screening and feeding systems, mobile crushing plants, the proprietary Double Barrel drum mixer for asphalt, M-Pack relocatable asphalt plants, concrete batch plants (CON-E-CO, RexCon, BMH), industrial heating and thermal fluid systems, pavers, material transfer vehicles, cold planers, and horizontal grinders, with notable proprietary technologies including BreakerINTEL control systems, IntelliPac moisture measurement, SmartEdge joint matching screed, SiteLine camera systems, and a telematics platform for connected equipment. Astec operates in 12 countries with over 4,300 employees, an authorized dealer network for mid-market and local access, and direct enterprise field sales supported by 24/7 parts and service teams and over 1 million square feet of parts storage.
Astec's revenue model is anchored in capital equipment sales (hardware) supplemented by recurring aftermarket parts and service and a training and education business. Pricing is quote-based and configuration-specific rather than published, with sales through both dealer channels and direct enterprise contracts. Its go-to-market combines channel partners (dealers and distributors), event-driven demand generation through major industry trade shows such as CONEXPO 2026, World of Concrete, and World of Asphalt, and enterprise field sales for large infrastructure, mining, and government customers. End markets include aggregates and mining operators, asphalt and concrete producers, road construction contractors, industrial process facilities, and forestry operators, with named customers spanning Geneva Rock, Dunn Construction, V.A. Paving, Perkins Cinders, the City of Phoenixville, and Colombia's national infrastructure program.
The company has actively expanded its portfolio and geographic reach, most notably via the announced $245 million acquisition of TerraSource in May 2025 and new product introductions including Roadtec Renew, the Peterson 3710E horizontal grinder, and connected asphalt plant platforms demonstrated at CONEXPO 2026. It has also extended into adjacent applications through a partnership with SoMax for hydrothermal carbonization wastewater treatment. Across its 16-brand portfolio, Astec competes on the breadth of an integrated rock-to-road offering, proprietary process technology, aftermarket support infrastructure, and a global dealer footprint, while remaining exposed to cyclicality in infrastructure, mining, and forestry end markets.
Astec firmographics
Firmographics- Name
- Astec
- Legal name
- Astec Industries, Inc.
- Website
- https://astecinc.com
- Company type
- Public
- Founded year
- 1989
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Astec Industries is a publicly traded diversified industrial equipment manufacturer operating 16 brands across aggregates, asphalt, concrete, industrial heating, road construction, and forestry, serving infrastructure, mining, and construction customers in 12 countries.
- Ownership category
- akta.pro rank
Astec industry classification
Industry- Product category
- Heavy Construction and Infrastructure Equipment
- NAICS
- Agriculture, Construction, and Mining Machinery Manufacturing (3331), Construction Machinery Manufacturing (333120), Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers (423810)
- SIC
- Construction, Mining & Materials Handling Machinery & Equip (3530), Construction Machinery & Equip (3531)
- akta.pro primary industry
- Bulk Material Handling Systems (Belt Conveyors, Feeders, Stackers, Reclaimers) (IMAHABAH)
Keywords
Where Astec is headquartered
LocationHeadquarters
- HQ city
- Chattanooga
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Astec business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Equipment Manufacturing and Sales: Astec designs, manufactures, and sells heavy infrastructure equipment including crushing, screening, asphalt plant, concrete plant, road construction, and forestry machinery. Revenue is generated through direct sales and dealer channel sales of new equipment, with support from parts, service, and training aftersales streams.
- Aftermarket Parts and Service: With over 1 million square feet of parts storage, Astec generates recurring revenue from replacement parts, maintenance, and repair services. The company offers 24/7 parts support and expert service teams to keep customer equipment operational.
- Training and Education: Astec offers training courses covering plant maintenance, burner operation, heat systems, paver operation, and safety procedures across the United States.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | Equipment sales via dealer network and direct sales |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
Astec product offering
Product offeringCore offering
Astec designs, manufactures, and sells heavy infrastructure equipment for aggregates processing (crushers, screens, conveyors), asphalt production (plants, drum mixers, components), concrete batching (plants, mixers), road construction (pavers, cold planers, material transfer vehicles, soil stabilizers), industrial heating (process heaters, thermal fluid systems), and forestry (horizontal grinders, chippers, debarkers). Equipment is sold through an authorized dealer network and direct enterprise sales, with aftermarket parts, service, and training support across 12 countries.
Product overview
Astec Industries is a diversified industrial equipment manufacturer operating across six segments: aggregates processing, asphalt plants, concrete plants, industrial heating, road construction, and forestry. The company brings together 16 trusted brands including Astec (core equipment), Roadtec (pavers, material transfer vehicles, cold planers), Carlson (commercial pavers), Peterson (horizontal grinders, chippers, forestry equipment), Heatec (industrial heating systems), CON-E-CO and RexCon (concrete batch plants), and others. Products range from individual components (crushers, screens, conveyors, burners, controls) to complete plant systems (asphalt plants, concrete plants) to integrated equipment (pavers, grinders). With over 100 innovative solutions, the company operates in 12 countries with more than 4,300 employees, serving infrastructure, construction, and materials sectors from rock to road.
Differentiator
Problem solved
Functional benefit
Brands
- Heatec: Industrial heating systems including process heaters, thermal fluid systems, storage tanks, water heaters, and fume mitigation equipment.
- Roadtec
- Peterson
- Carlson
- RexCon
- CON-E-CO
- BMH
Products and services
- Astec Aggregates Equipment Aggregates processing equipment including jaw crushers (A-Series, Pioneer, Hydra-Jaw, Iron Giant), cone crushers (Kodiak, Titan), horizontal and vertical shaft impactors, mobile crushing and screening plants, screens, feeders, conveyors, stackers, rock breaker systems, and washing and classifying equipment for quarry operators, mining companies, and aggregate producers.
- Astec Asphalt Plants Asphalt production plants including relocatable and stationary plants (M-Pack, BG Series, ABT Batch Tower), portable plants (ReMix CCPR, Vantage, Ventura, Voyager, SixPack), specialty plants and terminals (Heatec Asphalt Terminals, Polymer Blending Systems, Emulsion Plants, Asphalt Rubber Blending Systems), and components including drum mixers, burners, controls, baghouses, and silos, sold to asphalt contractors and producers.
- Astec Concrete Plants Concrete batch plants under the BMH, CON-E-CO (Custom Series, LO-PRO Series, Batchmaster Series, SLP Series, 454/448), and RexCon (RexBatch 150, Model S, Mobile 5 CM, Mobile 12 SE CM) brands, along with twin-shaft, tilt, horizontal reversing, and planetary mixers and plant components, sold to concrete producers and contractors.
- Heatec Industrial Heating Systems Heatec-branded industrial heating solutions including process heating systems, thermal fluid heating systems, storage and process tanks, water heaters, waste heat recovery units, fume mitigation equipment (oxidizers, fume incinerators), and blending equipment for manufacturing facilities, refineries, and process industries.
- Roadtec and Carlson Road Construction Equipment Road construction equipment including Roadtec highway and commercial pavers (RP-170 through RP-195, SP-200 Spray Paver), Carlson CP75 II through CP130 commercial pavers, S-Series, EZIV, and EZR3 screeds, material transfer vehicles (MTV and Shuttle Buggy series), RX-405 through RX-900 cold planers, SX-6 and SX-8 soil stabilizers and reclaimers, and the SiteLine camera system, sold to highway contractors and government infrastructure teams.
- Peterson Forestry Equipment Peterson-branded forestry equipment including horizontal grinders (1700D through 6750D Electric), drum and disc chippers, chain flail debarkers, blower trucks and trailers, and drop feed hog equipment for forestry contractors and wood processing facilities.
- Astec Telematics Connected equipment monitoring and data management service for Astec machinery, providing fleet performance tracking and equipment utilization data to equipment operators and fleet managers.
- Astec Parts Support Aftermarket parts support backed by over 1 million square feet of parts storage, providing replacement parts availability with 24/7 expert support to minimize equipment downtime.
- Astec Product Support Service Expert service team providing fast, accurate technical support to minimize equipment downtime and keep customer operations running at peak efficiency.
- Astec Training Programs Expert-led, year-round training courses covering plant maintenance, burner operation, heat systems, paver operation, and safety procedures for equipment operators and technicians.
Quantifiable outcome
- Perkins Cinders achieved major throughput increase in cinder production using Astec Vari-Frequency screen technology.
- +1 more outcomes
Companies that use Astec
Customer profileNamed customers6 records
Segments6 records
Ideal customer profiles2 records
Astec technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Astec partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered major acquisition, minor and flagship.
- TerraSourcemajor acquisitionAstec Industries announced the acquisition of TerraSource, a St. Louis-based company, for $245 million. This acquisition represents a significant strategic expansion of Astec's product portfolio and market presence in the equipment sector.
- TelestackminorTelestack products are integrated into Astec's aggregates product lineup, providing mobile conveying solutions as part of the broader material handling offering.
- SoMaxflagshipAstec partnered with SoMax to deploy hydrothermal carbonization technology for wastewater treatment at the City of Phoenixville's facility—the first plant in the U.S. to use this technology, showcasing Astec's capabilities in environmental and industrial applications.
- GoodfellowminorGoodfellow, an aggregates equipment supplier, partnered with Astec to support Geneva Rock's launch of the Black Rock quarry, helping overcome supply chain challenges.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Astec competitors and assessment
Company assessmentBroad incumbents
- John Deere (Construction & Forestry): John Deere's Construction & Forestry division covers skid steers, excavators, and forestry equipment. Through Wirtgen ownership, it also competes with Astec in road construction and aggregates processing.
- Komatsu: Komatsu is a global construction and mining equipment manufacturer offering excavators, dump trucks, and crushing equipment. It overlaps with Astec in mining and aggregates processing at larger scale.
- Liebherr: Liebherr manufactures a wide range of construction, mining, and material handling equipment including earthmoving, concrete mixing, and crawler cranes. Its concrete and material handling product lines overlap with Astec's RexCon, CON-E-CO, and aggregates material handling offerings.
- Volvo Construction Equipment: Volvo CE supplies a broad portfolio of construction and road-building equipment. Its road construction segment (compactors, pavers) competes with Astec's Roadtec product line in select markets.
- Caterpillar: Caterpillar is a diversified heavy equipment leader with broad exposure to construction, mining, and infrastructure. While not a niche asphalt/aggregates specialist, Caterpillar competes with Astec in quarry crushing, material handling, and paving adjacent categories.
Direct peers
- Metso: Metso is a global leader in aggregates processing equipment, crushers, screens, and mining flow-sheet solutions. Astec's aggregates product line (jaw, cone, impactor crushers, screens, washing/classifying) competes head-to-head with Metso in the quarry and mining segments.
- Wirtgen Group (John Deere): Wirtgen is the global leader in road construction equipment (milling machines, pavers, compactors, recyclers). Astec's Roadtec and Carlson paving brands directly compete with Wirtgen's Vögele, Hamm, and Wirtgen brands in asphalt paving and cold milling.
- BOMAG (Fayat Group): BOMAG is a specialist in compaction and road construction equipment (asphalt pavers, milling machines, rollers). It competes with Astec's Roadtec brand in commercial-class paving and road rehabilitation.
- Sandvik: Sandvik's Mining and Rock Solutions division supplies crushing, screening, and rock processing equipment plus drilling tools. Astec's aggregates and rock breaker technology (BreakerINTEL) competes with Sandvik's mining equipment portfolio for similar quarrying customers.
- Terex Corporation: Terex manufactures aerial work platforms, materials processing equipment (crushers, screens, washing), and concrete/material handling solutions. Its Environmental Solutions Group and MP segment directly overlap with Astec's aggregates processing and material handling portfolio, serving similar quarrying and infrastructure customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Astec social profiles
Digital presenceAstec financial estimates
Financial estimateRevenue estimate
Valuation estimate
Astec leadership team
Management profileNumber of profiles
Profiles1 record
Astec subsidiaries and ownership
Company hierarchySubsidiaries1 record
Astec funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Astec M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Astec
What does Astec do?
Astec designs, manufactures, and sells heavy infrastructure equipment for aggregates processing (crushers, screens, conveyors), asphalt production (plants, drum mixers, components), concrete batching (plants, mixers), road construction (pavers, cold planers, material transfer vehicles, soil stabilizers), industrial heating (process heaters, thermal fluid systems), and forestry (horizontal grinders, chippers, debarkers). Equipment is sold through an authorized dealer network and direct enterprise sales, with aftermarket parts, service, and training support across 12 countries.
Is Astec a public or private company?
Astec is a public company. It is classified as public and is currently operating.
When was Astec founded?
Astec was founded in 1989. It employs 251 to 500 people.
Where is Astec based?
Astec is headquartered in Chattanooga, United States, in the North America region.
How does Astec make money?
Three revenue lines are on record. Equipment Manufacturing and Sales are the primary driver. The others are aftermarket Parts and Service and training and Education.
Who are Astec's main competitors?
Broad incumbents on record are John Deere (Construction & Forestry), Komatsu, Liebherr, Volvo Construction Equipment and Caterpillar. Direct peers are Metso, Wirtgen Group (John Deere), BOMAG (Fayat Group), Sandvik and Terex Corporation.
Does Astec have an API?
No public API is recorded for Astec.
What industry is Astec in?
Astec's product category is Heavy Construction and Infrastructure Equipment. Its primary akta.pro industry code is IMAHABAH, Bulk Material Handling Systems (Belt Conveyors, Feeders, Stackers, Reclaimers). Its NAICS code is 3331 and its SIC code is 3530.