Astec Industries, Inc. Acquires Telestack Ltd.

Astec Industries, Inc. Acquires Telestack Ltd.

CHATTANOOGA, Tenn., April 1, 2014 (GLOBE NEWSWIRE) -- Astec Industries, Inc.
(Nasdaq:ASTE) today announced that it has completed the acquisition of
Telestack Ltd.

Telestack, located in Omagh, Northern Ireland, began operations in 1999 and
specializes in the complete in-house design, manufacture, installation and
commissioning of a complete line of material handling systems used extensively
in the port, aggregate and mining industries. Telestack markets their products
throughout the world with a combination of direct sales and distribution
through dealers. Astec anticipates the synergies between Telestack and its
aggregate product lines will benefit both companies.

The total purchase price for the acquisition is $36 million (U.S.) and is
subject to certain closing adjustments, if applicable. Astec expects the
transaction to be immediately accretive to earnings.

Commenting on the acquisition, Benjamin G. Brock, Chief Executive Officer,
said, "We are excited to welcome Telestack to the Astec Industries family of
companies. Telestack and Astec share many core business values such as a
commitment to customer service and providing the most innovative products for
the industries we serve – Infrastructure, Mining and Energy. With this
acquisition, we have further demonstrated our commitment to growth in not only
these industries but in international markets as well. Telestack will help us
provide a broader product line to all of the industries mentioned in addition
to material handling at ports around the globe. From 1999 to today, Telestack
has sold equipment into six continents."

To find out more about Telestack go to www.telestack.com.

Astec Industries, Inc. is a manufacturer of specialized equipment for building
and restoring the world's infrastructure. Astec's manufacturing operations are
divided into four primary business segments: aggregate processing and mining
equipment; asphalt production equipment; mobile asphalt paving equipment; and
oil, gas and water drilling equipment (Underground Group). Additionally, the
Other Group contains one subsidiary that manufactures equipment used for wood
processing and recycling and one that is a company-owned dealership located in
Australia.

The information contained in this press release contains "forward-looking
statements" (within the meaning of the Private Securities Litigation Reform
Act of 1995) regarding the future performance of the Company, including
statements about the future performance of Telestack, improvements to existing
Telestack business operations, and synergies with Astec's existing businesses.
These forward-looking statements reflect management's expectations and are
based upon currently available information, and the Company undertakes no
obligation to update or revise such statements. These statements are not
guarantees of performance and are inherently subject to risks and
uncertainties, many of which cannot be predicted or anticipated. Future events
and actual results, financial or otherwise, could differ materially from those
expressed in or implied by the forward-looking statements.

CONTACT: For Additional Information Contact:
        
         Benjamin G. Brock
         President and C.E.O.
         Phone: (423) 867-4210
         Fax: (423) 867-4127
         E-mail: bbrock@astecindustries.com
         or
         David C. Silvious
         Vice President and Chief Financial Officer
         Phone: (423) 899-5898
         Fax: (423) 899-4456
         E-mail: dsilvious@astecindustries.com
         or
         Stephen C. Anderson
         Vice President, Director of Investor Relations &
         Corporate Secretary
         Phone: (423) 899-5898
         Fax: (423) 899-4456
         E-mail: sanderson@astecindustries.com
 
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