Astec Industries has completed the $36 million acquisition of materials handling systems supplier Telestack, based located in Omagh, Northern Ireland. Telestack began operations in 1999 and specialises 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. Mining customers include London Mining’s Marampa iron ore mine in Sierra Leone, which operates a Telestack custom design mobile truck unloading, stockpiling, reclaiming and barge loading facility.

Telestack markets its products throughout the world with a combination of direct sales and distribution through dealers. Astec said that it anticipates the synergies between Telestack and its product lines will benefit both companies. Commenting on the acquisition, Benjamin 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.”