Astec Industries, Inc. Acquires GEFCO, Manufacturer of Portable Drilling Rigs for $30.8M

by Matthew Kennedy, Benzinga Staff Writer
October 5, 2011 4:32 PM | 13 seconds read |
Astec Industries, Inc. ASTE finalized today the previously announced purchase of the GEFCO and STECO divisions of Blue Tee Corp. The purchase price is approximately $30.8 million, subject to customary post-closing adjustments to be finalized by December 1, 2011.  
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