In the summer of 1972, five friends gathered around a kitchen table to mull over a business idea. Today, the venture that arose from their conversation, Astec Industries, is a billion-dollar global manufacturer of equipment for the asphalt, road building, aggregate and wood processing, oil, gas, and water well drilling markets, among others.
Under the guidance of former President and CEO Don Brock, who led the company until his son Ben Brock took the helm in 2014, Astec Industries mushroomed into a conglomerate with 19 subsidiaries and hundreds of employees based in every corner of the world. Astec owes its astonishing growth to internal expansion as well as acquisitions, and a decentralized philosophy that empowers sister companies to do what they do best.
Astec’s strategy to success is where the story of the company lies: a strong corporate culture that upholds the Golden Rule and places customers above all else. “Do unto others as you would have them do unto you.” Get the customer back on-line swiftly. Fix the problem first.
The company’s achievements also usher from a straightforward approach that combines the pursuit of innovative technologies—many of which have revolutionized the industries Astec serves—the manufacture of quality and reliable equipment, and enthusiastic employees with problem-solving mind-sets.
With a compelling history of growth, all while embracing challenges and ambitious projects, Astec Industries forges into the next decades of the 21st century with values that have made the company stand out and will continue to do so into the future.
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