09:28 AM EDT, 07/01/2025 (MT Newswires) -- Astec Industries ( ASTE ) said Tuesday it completed its $245 million cash acquisition of processing equipment maker TerraSource Holding.

The acquisition will increase gross profit margins, adjusted EBITDA margins and earnings per share, said Astec Industries ( ASTE ), expecting annual run rate synergies of about $10 million by the end of year two.