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Astec Industries, Inc. recently announced that it has entered into a definitive agreement to acquire assets and key personnel of JR's Welding, Inc. a rebuilder and manufacturer of asphalt milling drums and cutter housings headquartered in Norwalk, Ohio. Incorporated in 1998, JR's Welding is an industrial welding facility. The company supplies the asphalt milling industry proprietary wear components of asphalt milling machines that provide superior performance and increased life in the field. JR's Welding will relocate to Chattanooga, Tennessee, with key personnel Jeff Rule and Jeff Rule Jr. The transaction is expected to close during the third calendar quarter. Jeff Richmond, president of Roadtec said, "We are extremely pleased to announce the addition of JR's Welding product offering to the Roadtec customer base. As an addition to our existing Roadtec equipment rebuild program, this will allow Roadtec to further our efforts in competitive rebuilds of milling drums. JR's Welding's proprietary drum designs and the proven performance of said designs have an excellent following in the market." The recent expansion and increased capacity of both Chattanooga Roadtec facilities (Manufacturers Road & Riverside Drive) and the addition of our new robotic drum welder, are the perfect complement to the JR's Welding acquisition. Roadtec Management has known the Rule family for many years as respected manufacturers. They have been a good supplier to Roadtec but more importantly, to competitive users of all makes of milling machines. Mr. John Irvine, Roadtec VP of Sales and Marketing states, "JR's Welding provides a strategic fit for our existing customers (and more importantly new customers) to provide new market share growth in new equipment sales and rebuild sales at Roadtec. JR's Welding has a customer focus and culture of exceptional service similar to Roadtec. We are pleased to be able to expand our customer reach into this competitive wear parts industry."
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Roadtec Division to Acquire
