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Jul. 21--Astec Industries, which reported a 14 percent jump in second-quarter profits Thursday, is continuing to expand its paving business through other business acquisitions.
The Chattanooga-based asphalt equipment maker, which already has built or bought more than a dozen different paving-related businesses, announced Thursday that it plans to acquire Carlson Paving Products Inc. in Tacoma, Wash.
Carlson designs and manufacturers asphalt pave screeds, or devices that help spread and smooth the asphalt. The company did not disclose the purchase price for the deal, which is expected to close in the third quarter.
Astec also announced Thursday that …