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ASTEC INDUSTRIES ENTERS AGREEMENT WITH THE MCCARTER CORPORATION

 CHATTANOOGA, Tenn., Nov. 1 /PRNewswire/ -- Astec Industries, Inc. (NASDAQ-NMS: ASTE) today announced it has entered into an agreement to purchase the hot mix asphalt plant product line from The McCarter Corporation.
 Located in Norristown, Pa., The McCarter Corporation has been in the hot mix asphalt business for over 50 years. The company expects to close the acquisition early next week.
 Astec Industries, Inc., a manufacturer of asphalt mixing plants, paving equipment, heat transfer equipment, aggregate crushing equipment, excavating and trenching equipment, asphalt recycling equipment, and soil remediation equipment, is traded over-the-counter and is reported on the NASDAQ National Market System under the symbol ASTE.
 -0- 11/1/93
 /CONTACT: Albert E. Guth, senior vice president, Astec Industries, 615-867-4210/
 (ASTE)


CO: Astec Industries, Inc.; The McCarter Corporation ST: Tennessee, Pennsylvania IN: SU: TNM

BR-BN -- AT009 -- 9237 11/01/93 14:43 EST
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Publication:PR Newswire
Date:Nov 1, 1993
Words:141
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