Just after the National Ground Water Association’s Groundwater Week 2019 event in Las Vegas, Astec Industries Inc. announced plans to sell Enid, Oklahoma-based Gefco Inc. In a release announcing the plans, Astec CEO Barry Ruffalo says a sale “aligns with our vision for the future of Astec Industries.” That vision involves a tighter focus on that company’s core business: designing and manufacturing road building equipment.
Vince Trotta, Gefco president, says he looks forward to “the possibility of becoming part of an organization that more broadly participates and invests in the markets we serve.” He’s optimistic any potential buyer would retain Gefco’s 150 employees, who Trotta applauded for their dedication.