Article: Astec Industries, Inc. Acquires Industrial Mechanical & Integration.

Astec Industries, Inc. (NASDAQ:ASTE) announced the acquisition of Industrial Mechanical & Integration ("IMI") located in Walkerton Ontario, Canada. IMI is a small company with unique machine technology used to make wood pellets. Rick Minke, President of IMI and key employees have agreed to remain with the company to further develop and promote this new technology. IMI has been testing the technology for two years and is now making the first group of production machines. According to Dr. J. Don Brock, Chairman and Chief Executive of Astec Industries, Inc., "We are excited about the potential of this new technology. Conventional pellet production machines were designed for ...

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