TerraSource Holdings

TerraSource Holdings

TerraSource Global was formed in 2012 when three heritage brands — Gundlach Crushers (1948), Jeffrey Rader (1877 roots), and Pennsylvania Crusher (1905) — were combined into a single entity. Elgin Separation Solutions (founded 1864) joined in 2023. The company designs and manufactures crushers, feeders, separators, screens, and dewatering systems used in mining, biomass, power generation, cement, recycling, and wood processing. The firm's product portfolio covers primary and secondary crushing, pneumatic conveying, liquid/solid separation, and fluid recycling equipment. The company's Demonstration and Testing Center in Duncan, South Carolina hosts full-sized machinery for customer evaluations. TerraSource reports over 20,000 installations worldwide, with customers in mining (coal, aggregate, potash), energy (coal-fired and renewable power), pulp & paper, agriculture, and petrochemical sectors. Equipment is sold in more than 65 countries across North America, Latin America, Europe, the Middle East, Africa, and Asia Pacific. In 2025, Astec Industries (NYSE: ASTE) completed its acquisition of TerraSource Global (per company press release, July 1, 2025). The company employs a team of engineers, field service consultants, and regional representatives offering OEM spare parts, rebuild/retrofit services, and project management. Manufacturing and service facilities are located in the USA, Canada, Sweden, and China. TerraSource's structural distinctiveness lies in its combination of four long-established industrial brands under common ownership and management, serving highly fragmented process industries where equipment reliability and aftermarket support are critical. The July 2025 acquisition by Astec adds publicly-traded backing and cross-selling opportunities within the broader infrastructure equipment ecosystem.