Production Gallery Opens with CWMF, Astec Acquisition News
BY CWMF
CWMF Corporation, Waite Park, Minnesota, shared an official statement following the announcement from Astec Industries Inc. (Nasdaq: ASTE), Chattanooga, Dec. 4 of the Definitive Agreement to acquire CWMF. On Dec. 11, CWMF shared additional perspective on the agreement and what it means for the company’s employees, customers and future. The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions.
Founded in 1988, CWMF has built its reputation on quality craftsmanship, durable design and dependable equipment manufactured by skilled tradespeople in central Minnesota. As demand for CWMF’s product lines has grown, the company has continued expanding its operations, capabilities and workforce to support customers across North America.
By joining Astec’s family of industry-leading brands, CWMF will strengthen the combined organization’s ability to serve asphalt producers with a broader range of equipment and support resources.
CWMF President, Carmie Mick said, “CWMF has always been focused on building a strong future for our employees, our customers, and the industry we serve. With no third generation stepping in, we knew the next chapter of growth would require a larger platform—one capable of supporting the momentum our team has created.
“Partnering with Astec provides exactly that. Their scale, resources and commitment to the industry ensure long-term stability and opportunity for our people, while strengthening the support we can offer our customers. This decision allows CWMF to enter its next chapter from a position of strength, and I am proud of what our team has built to get us here.”
Continuity for Customers and Employees
Following closing, CWMF’s operations will integrate into the Astec organization, where both teams will work collaboratively to ensure a smooth and well-supported transition for employees, customers and suppliers.
For more information, visit https://www.astecindustries.com/
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