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DLL, Astec Industries Announce Global Program Agreement

December 18, 2014, 07:06 AM
Filed Under: Vendor Finance News

DLL announced its Global Program Agreement with Astec Industries and its family of companies. This arrangement strengthens DLL’s presence in the Energy, Infrastructure and Aggregate/Mining markets. 

“We are very happy to partner with Astec to offer a comprehensive financing program that supports the company’s ambition to grow their international footprint,” said Rod Versteegh, President, Construction Transportation & Industrial Global Business Unit, DLL. “DLL’s operations in 36 countries and our ability to provide financing along with floor planning and rental fleet further aligns our key differentiators with Astec’s business needs.”

DLL will begin launching Astec companies this month with tailored finance programs specific to each Astec company's market strategy.  Astec launches will take place throughout 2015.

“We look forward to working with DLL on a broader scale,” said Ben Brock, CEO of Astec Industries, Inc. “Both Astec Industries, Inc. and DLL are market leaders in our respective fields and we are confident that this mutually beneficial, long term relationship will provide significant value to our customers and shareholders.”

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