|2/3's add to ASTE today sub 31. My 2018 SITT pick who was my Infrastructure pick. Unfortunately the company ran into trouble with it's wood pellet business. Backlogs are way down and I believe the company is still searching for a new CEO. I like the fact there have been all insider buys this year. I still believe shares are still available for purchase under the 2018 150 million buyback program. Hoping the three plateaus are signaling a bottom? IMO still high TO appeal. IMO Deere & Cat hypothetical hunters. In the mean time US Infrastructure spending will most likely have to wait till after the next election. If nothing else maybe some of the Gold big miners or those on Gold Rush need some new ASTE equipment. :+ ) I can see they use ASTE equipment.|
|To: richardred who wrote (4475)||8/30/2017 11:30:35 AM|
|From: richardred|| of 5351|
|RE- ASTE speculation IMO Harvey will be added stimulus for a CAT hypothetical acquisition. RE- MNTX speculation. RE- Harvey stimulus- IMO the same hypothetical for TEX to buy MNTX. If nothing happens. IMO both Goods stocks along with ASV to own for Harvey post stimulus boost. The ASV Posi Trac is perfect for clean up & coming infrastructure spending. |
Aggregate & Mining Group
The Aggregate and Mining Group ( Telsmith, Kolberg Pioneer, Johnson Crushers International, Breaker Technology, Astec Mobile Screens, Osborn Engineered Products, Astec do Brasil and Telestack ) provides innovative solutions for the material handling, mining, quarry, recycling, construction and demolition industries. Exceptional customer support is a key element to the success of the Aggregate and Mining Group. The group is determined to satisfy customers by offering high quality and by listening to customers to better understand and meet their needs. The companies of the Aggregate and Mining Group design, manufacture and market a complete, world-class line of rocker breaker systems, rock crushers feeders, vibrating screens, conveyors, washing and classifying equipment for open-mine, underground mining, quarry operations and bulk material handling systems. Through innovative technology the Aggregate and Mining Group is able to offer equipment that helps our customers perform better, safer and achieve maximum return on their investment.
Among the Infrastructure Group companies, Astec, Dillman, Roadtec and Carlson have earned a reputation for high quality products and industry leading customer service. These four companies form a cohesive unit that design, manufacture and install a complete line of portable, relocatable and stationary asphalt mixing facilities and related components as well as a variety of pavers, paver screeds, milling machines, material transfer vehicles and soil stabilizers. Also members of the Infrastructure Group, Astec Australia and Astec Mobile Machinery are fully owned subsidiaries that are stores representing multiple Astec companies in Australia and Germany respectively. They serve the marketplace by providing sales, service, parts, logistics, and construction services for the Astec companies that they represent. The Infrastructure Group enjoys a reputation for engineering products with the most advanced and innovative technologies available. The products of the Infrastructure Group utilize advanced technologies to help customers maximize performance and safety.
The Energy Group consists of Heatec, CEI Enterprises, Peterson Pacific, GEFCO and Power Flame. Heatec industrial heaters are used in the oil and gas industry. Heatec thermal fluid heaters and storage tanks are used in a wide variety of industrial and construction applications. CEI makes specialized heating and storage equipment for the construction industry as well as nine models of concrete plants for virtually every concrete industry application. Peterson Pacific designs, makes drum, disc chippers and debarkers used to produce wood chips for pulp and paper production as well as biomass energy markets. Peterson horizontal grinders are used to grind asphalt roofing shingles that are then used in recycled asphalt. GEFCO makes a full line of water drilling equipment used for commercial and retail applications. GEFCO serves the oil and gas industry with vertical rigs and double pump trailers used to clean existing wells. Power Flame Incorporated manufactures gas, oil, combination gas/oil, low NOx burners and combustion control systems for commercial, industrial and process applications. All Power Flame products share environmentally conscious designs and are crafted from quality materials by an expert staff of dedicated professionals.
Ok IMO $CAT now's your chance to get even WITH $DE via $ASTE pic.twitter.com/NGInnr73vE
— Richard - richardred (@rreding1) August 30, 2017
|To: richardred who wrote (4305)||6/12/2017 12:50:59 PM|
|From: richardred|| Read Replies (6) of 5351|
|RE/The start of a infrastructure acquisition trend ?|
Deere to Acquire Gigantic Construction Equipment Company
June 5, 2017 10:32 AM
Deere plans to maintain the Wirtgen Group's existing brands, management, manufacturing footprint, employees and distribution network.
© Wirtgen Group
Deere & Company announced June 2 that it has signed a definitive agreement to acquire the Wirtgen Group, the world’s largest road construction equipment manufacturer.
Deere plans to buy the German-based company for EUR 4.357 billion in an all-cash transaction (about $5.2 billion based on current exchange rates). Wirtgen Group specializes in brands that span the entire road construction sector, including milling, processing, mixing, paving, compaction and rehabilitation. Wirtgen’s global footprint includes around 8,000 employees across more than 100 countries connected by a large network of company-owned and third party dealers.
“The acquisition of the Wirtgen Group aligns with our long-term strategy to expand in both of John Deere’s global growth businesses of agriculture and construction,” says Samuel R. Allen, Deere & Company Chairman and Chief Executive Officer. “Wirtgen’s superb reputation, strong customer relationships and demonstrated financial performance are attractive as we expand the reach of John Deere construction equipment to more customers, markets, and geographies.”
Max Guinn, President of Deere’s Worldwide Construction & Forestry Divison, says spending on road construction and transportation projects is less cyclical and has grown at a faster rate than the overall construction industry.
“There is recognition globally that infrastructure improvements must be a priority, and roads and highways are among the most critical in need of repair and replacement.
Deere’s board of directors approved the transaction, and the purchase is still subject to regulatory approval in several jurisdictions and must meet other customary closing conditions.