Knife River Acquires McMurry Ready-Mix

Knife River Resources, a subsidiary of MDU Resources Group Inc of Bismarck, ND, has expanded its intermountain region footprint by acquiring the assets of McMurry Ready-Mix Co, an aggregates and concrete supplier based in Casper, WY. McMurry’s estimated aggregate reserves of nearly 100 million tons are strategically positioned throughout central Wyoming. The company also has a ready-mix plant on the west side of Casper, complementing Knife River’s east Casper location. Knife River’s intermountain operations also include Cheyenne and Laramie, WY as well as locations throughout Montana and Idaho.

McMurry’s aggregates operations will do business as Knife River Materials and will continue their focus on supplying third-party customers as well as Knife River’s own operations, Financial details of the transaction were not disclosed.

David L Goodin, MDU’s CEO, said, “Knife River is having another strong year – posting higher earnings in the first nine months of this year than any first three quarters in company history. Aggregates-rich acquisitions such as McMurry support our ongoing growth strategy, and we continue to pursue other growth opportunities at Knife River as well.

Volume 34, Issue 24

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