Con-E-Co joins Rexcon under Astec umbrella

Sources: Astec Industries Inc., Chattanooga, Tenn.; CP staff

Astec Industries has closed on Blair, Neb.-based Concrete Equipment Co., adding the mainstay batch plant manufacturer to an Infrastructure Solutions group portfolio that includes peer operator Rexcon LLC. The business was acquired from Wisconsin-based Oshkosh Corp., where Con-E-Co had served since 2005 as a plant equipment companion to namesake and McNeilus front and rear discharge mixer truck offerings.

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Astec steps up concrete batch plant presence in RexCon deal

Sources: Astec Industries Inc., Chattanooga, Tenn.; CP staff

Astec has acquired the assets of concrete batch plant manufacturer RexCon LLC, Burlington, Wis., in a $26 million cash transaction. A key player in central mixed equipment, RexCon becomes a sister operation of Albuquerque, N.M.-based CEI Enterprises, which has built a transit mixed equipment line under the Fusion banner.

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