Knife River Expands in Texas with Acquisition of Construction Materials Operations

Core Insights - Knife River Corporation has acquired the assets of Texcrete Operations LLC and TexAgg LLC to enhance its growth in the Texas Triangle [1][3] - Texcrete operates six ready-mix plants and 85 ready-mix trucks, serving rapidly growing counties in Texas [2] - The acquisition aligns with Knife River's strategy of focusing on materials-based, vertically integrated operations in high-growth markets [3] Company Overview - Knife River Corporation is a member of the S&P MidCap 400 index and specializes in mining aggregates and marketing construction materials, including ready-mix concrete and asphalt [4] - The company also provides vertically integrated contracting services, focusing on publicly funded projects and private sector work across various sectors [4] Market Context - The acquisition is expected to leverage existing Knife River operations and Texcrete's supply, enhancing growth potential in Texas and balancing seasonality in northern markets [3]