Based in Chattanooga, Tennessee, Astec Industries Inc. is a prominent manufacturer of equipment for the asphalt roadbuilding, aggregate processing, pipeline and utility trenching, and wood processing industries in the United States.[1] The company is one of the largest employers in the Chattanooga area.[2]
Astec Industries’ companies are divided into four major groups: asphalt, mobile asphalt, aggregate and mining, and underground.
The Astec Asphalt Group is comprised of Astec Inc., Heatec, and CEI Enterprises. These companies focus on the design and production of hot-mix asphalt plants, oil heaters, thermal fluid storage systems, and pavement analysis and sampling systems.
The Astec Mobile Asphalt Group includes Carlson Paving Products Inc., a manufacturer of paving screeds and screed extensions, and highway paver accessories. Also in this group is Roadtec Inc., a company involved in the manufacture of milling machines, which are employed in the removal of asphalt and concrete roads to be recycled; asphalt paving equipment, and asphalt material transfer vehicles.
The Astec Aggregate & Mining Group encompasses six companies: Telsmith Inc., Kolberg Pioneer Inc., Johnson Crushers International Inc., Breaker Technology Inc., Astec Mobile Screens Inc., and Osborn Engineered Products SA (Pty.) Ltd. These companies design and manufacture equipment primarily for processing crushed stone, sand, oil, and gravel used for roadbuilding.
The Astec Underground Group, comprised of American Augers Inc. and Astec Underground, focuses on the development of trenchless and trencher technology for the installation of utilities and pipelines.
The name “Astec” is derived from the combination of “asphalt” and “technology.”
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[edit] History
[edit] Brock Forms Astec
Astec Industries was founded in 1972 by J. Don Brock, who was previously president of the asphalt division of CMI Corp. Brock was no stranger to the world of asphalt, having begun working at his father’s asphalt heating plant at a young age. He also holds a PhD in Mechanical Engineering. He formed Astec Industries Inc. to build hot-mix asphalt plants.
In its first year, Astec had only five employees – a number that would jump to more than 3,000 by the year 2000.
In 1975, three years after the company’s creation, Brock became chairman of the board.
[edit] A Major Development and Continued Growth
In 1978, Astec Industries Inc., under the leadership of Brock, introduced one of its most noteworthy products: a self-erecting, portable asphalt mixing plant, named the Six Pack.[3]
The company has continued to expand over the years through developments and acquisitions. On July 31, 2007, Astec Industries Inc. acquired 100% of Peterson Inc., a manufacturer of environmental, wood, construction debris, and waste product processing equipment.[4] The acquisition cost Astec approximately $34 million, which includes $7 million to eliminate Peterson’s debt. After the acquisition, Peterson’s existing leaders – President Neil Peterson and CEO Larry Cumming – continued to manage the business.[5]
On October 1, 2008, Astec acquired Dillman Equipment Inc. A manufacturer of asphalt plant equipment that was incorporated in 1994, Dillman is based in Prairie du Chien, Wisconsin. Dillman manufacturing plant remains in Prairie du Chien, as a division of Astec Industries Inc.[6]
[edit] The Company Today
Through its combined subsidiaries, Astec Industries Inc. holds 106 U.S. and 53 foreign patents. In addition, they have more than 40 patent applications pending.[7]
Founder J. Don Brock remains chairman and CEO of Astec Industries Inc., which is now comprised of 14 companies – 12 in the United States, one in Canada, and one in South Africa.
The group of companies now employs more than 3,000 people.
[edit] Equipment List
- Aggregate handling equipment
- Aggregate processing equipment
- Asphalt material transfer vehicle
- Asphalt mixing tank
- Asphalt paving equipment
- Asphalt storage tank
- Auger boring machine
- Boring machine
- Conveyor
- Crushing plant
- Directional drill
- Fluid/mud system
- Environmental remediation equipment
- Heater
- Heat transfer equipment
- Horizontal directional drill
- Hot-mix asphalt plant
- Hydraulic rock breaker
- Milling machine
- Mining equipment
- Mud pump
- Mud cleaning system
- Oil heater
- Pavement analysis and sampling system
- Screed
- Screed extension
- Screening plant
- Soil purification equipment
- Thermal fluid storage system
- Trencher
- Utility trencher
- Vibrating screen
[edit] References
- ↑ About Us. Official Astec Industries website, 2009-01-15
- ↑ College of Business. University of Tennesse, 2009-01-15
- ↑ College of Business. University of Tennesse, 2009-01-15
- ↑ Announcements. Official Astec Industries website, 2009-01-15
- ↑ Announcements. Official Astec Industries website, 2009-01-15
- ↑ Announcements. Official Astec Industries website, 2009-01-15
- ↑ Astec Industries. Google Finance, 2009-01-15
