M&A Deal Summary

Astec Industries Acquires CEI Enterprises

On January 1, 1995, Astec Industries acquired machinery company CEI Enterprises

Acquisition Highlights
  • This is Astec Industries’ 2nd transaction in the Machinery sector.
  • This is Astec Industries’ 2nd transaction in the United States.
  • This is Astec Industries’ 1st transaction in New Mexico.

M&A Deal Summary
Date 1995-01-01
Target CEI Enterprises
Sector Machinery
Buyer(s) Astec Industries
Deal Type Add-on Acquisition

Target

CEI Enterprises

Albuquerque, New Mexico, United States
CEI Enterprises, Inc. is a manufacturer of production equipment for the energy and infrastructure industries. CEI products include asphalt-rubber blending systems, fully automated emulsion blending plants, continuous and batch process concrete production plants, hot oil heaters, asphalt storage tanks, fuel storage tanks, heavy fuel preheaters, emissions-control equipment, and industrial water heaters.

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Buyer(S) 1

Buyer

Astec Industries

Chattanooga, Tennessee, United States
Category Company
Founded 1972
Sector Machinery
Employees4,322
Revenue 1.3B USD (2023)
DESCRIPTION

Astec Industries is a manufacturer of specialized equipment for asphalt road building; aggregate processing; oil, gas and water well drilling; and wood processing. Astec Industries was founded in 1972 and is based in Chattanooga, Tennessee.

DEAL STATS #
Overall 2 of 13
Sector (Machinery) 2 of 11
Type (Add-on Acquisition) 2 of 12
State (New Mexico) 1 of 1
Country (United States) 2 of 11
Year (1995) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1987-01-01 Telsmith

Mequon, Wisconsin, United States

Telsmith, Inc. is a manufacture of processing and handling equipment for the reduction and sizing of raw materials. Industries served include aggregates for construction materials, recycled materials including concrete and asphalt and mining for minerals recovery.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-29 American Augers

West Salem, Ohio, United States

American Augers, Inc. is a manufacturer of state-of-the-art auger boring machines, directional drills and fluid/mud systems used in the "underground construction" or "trenchless" market.

Buy -
Mergr

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