Monday, July 21, 2025
Astec Industries to Sell GEFCO, Inc. - oilandgas360

Astec Industries to sell GEFCO, Inc.

GLOBE NEWSWIRE The GEFCO businesses contributed approximately $50 million in annualized revenue and the divestiture is expected to eliminate related annual operating losses . Astec Industries to Sell GEFCO, Inc. Highlights: Accelerates Business Transformation and Aligns with Strategy to Simplify the Organization Increases Focus on Core Higher Margin Businesses Further Strengthens Financial Flexibility to Invest in Growth Opportunities Astec Industries,