Astec Industries has announced that it plans to cease all production activity at its manufacturing facility in Mequon, Wisconsin, US, on Friday, August 14, 2020 as part of its decision to close Telsmith.
Telsmith designs, engineers, manufactures and markets aggregate processing and mining equipment used in a number of industries.
The closing of Telsmith will occur in phases starting August 14, 2020 and ending March 31, 2021 when the Telsmith facility will be permanently closed.
Astec said the decision to close Telsmith was driven by the desire to simplify and focus business units and develop product lines on a company-wide basis and to maximise efficiencies within the Materials Solutions group, consolidate operations, and to become more flexible in production capabilities to meet customers’ demands.
The Telsmith product lines will continue to be developed and manufactured at other Astec locations. Customers will still be able to purchase new equipment and continue to be supported with parts and service through the Astec direct and dealer channels.
“Our decision to close Telsmith was not an easy one, but we feel it is necessary for the continued growth of Astec. We are incredibly proud of the strong brand and innovative products we have built with Telsmith, and I want to assure our customers that we will continue to grow the brand,” said Barry Ruffalo, president and CEO of Astec Industries.
This post first appeared on Diesel Progress.