Astec completed the TerraSource acquisition on July 1, 2025, expanding its market presence in material processing equipment.
TerraSource is a leader in crushing, screening, and separation markets, with approximately 63% of revenue from aftermarket parts and 80% gross margin.
Integration efforts include seamless payroll and onboarding via Oracle HR system, procurement synergies, and opportunities for cross-selling and new product development.
Strategic Acquisition of Carr's Engineering Division
Cadre completed the acquisition of Carr's Engineering division in April, expanding its nuclear safety vertical and international footprint.
The acquired brands include Walischmiller, Bendalls Engineering, NW Total, and NuVision, which enhance capabilities in remote handling, automation, and radiation protection.
Management sees opportunities for operational efficiencies and profitability improvements through integration and leveraging core Cadre tools.
Portfolio Restructuring and Debt Reduction Achievements
Hillenbrand completed the divestiture of MIME, generating approximately $265 million in net proceeds, which was a key part of their portfolio simplification strategy.
The company also sold its minority interest in TerraSource, raising about $115 million, further strengthening its balance sheet.
Proceeds from these transactions were used to reduce total debt by over $300 million during fiscal 2025, significantly improving financial stability.
Management emphasized that these moves are part of a broader effort to focus on higher-margin, higher-growth businesses in Performance Materials and Food, Health and Nutrition markets.
The company highlighted that these strategic divestitures have contributed to a lower net leverage ratio, moving from 3.9x to approximately 3.7x after the TerraSource sale.
Dafinchi