Astec Industries, Inc. (ASTE) recently acquired Industrial Mechanical & Integration (IMI), a wood pellet machine manufacturing company based in Canada. The company did not disclose the financial terms of the acquisition.  IMI has a unique technology, which it has been testing for two years. It is now making the first group of production machines. President of IMI and key employees have agreed to remain with the company to further develop and promote this new technology.  Already with some of its business units making components required by the wood pellet industry, Astec has further strengthened its position as a turnkey supplier to this market. Astec said that with this acquisition it can provide a one-stop solution to those customers who want a pellet plant that can process material from round wood to the finished product.  The company pointed out that conventional pellet production machines do not ...