Company: ASTE
Filing Date: 2025-04-29
Form Type: 8-K
Source: 0000792987-25-000024
Chunk: 1

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-04-29
Form: 8-K
Item: Item 7.01
Chunk 1
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Item 7.01. Regulation FD Disclosure

On April 29, 2025 the Company also announced that the Company has entered into a definitive agreement (the "Agreement") to acquire TerraSource Holdings, LLC ("TerraSource"), a market-leading manufacturer of material processing equipment and related aftermarket parts serving complementary crushing, screening and separation applications. Pursuant to the Agreement, on the terms and subject to the conditions therein, the Company has agreed to acquire 100% of the equity interests of TerraSource for $245.0 million in cash, subject to customary adjustments. A copy of that press release is attached as Exhibit 99.1 and is incorporated herein by reference.

The information included in this Current Report on Form 8-K under Items 2.02 and 7.01 (including Exhibit 99.1 hereto) is being "furnished" and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), except as expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits