Company: ASTE
Filing Date: 2025-07-01
Form Type: 8-K
Source: 0001104659-25-064747
Chunk: 3

Company: ASTEC INDUSTRIES INC
Filing Date: 2025-07-01
Form: 8-K
Item: Item 2.01
Chunk 3
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Item 2.01. Completion of Acquisition or Disposition
of Assets.

As discussed in the Introductory Note, which
is incorporated by reference into this Item 2.01, on July 1, 2025, the Company completed its previously announced Acquisition
of TerraSource pursuant to the Purchase Agreement. The total consideration delivered at the Closing by the Company to the Sellers
was $245.0 million in cash on a cash-free, debt-free basis, subject to a customary purchase price adjustment, as set forth in the
Purchase Agreement. The Company financed the Acquisition and related expenses with proceeds from the Credit
Facilities.

The foregoing description of the Acquisition and
the Purchase Agreement is a summary only, does not purport to be complete and is subject to, and qualified in its entirety by reference
to, the full text of the Purchase Agreement, a copy of which is filed as Exhibit 2.1 to this Current Report and is incorporated by
reference herein.

Item 2.03 Creation of a Direct Financial Obligation
or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information provided in Item 1.01 of this
Current Report is incorporated by reference herein.

Item 7.01. Regulation FD Disclosure.