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


Astec Industries, Inc. (NASDAQ: 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.  

Posted-In: News M&A


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