{"id":469675,"date":"2021-04-01T08:33:28","date_gmt":"2021-04-01T12:33:28","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=469675"},"modified":"2021-04-01T08:33:28","modified_gmt":"2021-04-01T12:33:28","slug":"knife-river-acquires-oregon-aggregates-business","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/knife-river-acquires-oregon-aggregates-business\/","title":{"rendered":"Knife River Acquires Oregon Aggregates Business"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p \/>\n<p>\n        <span class=\"xn-location\">BISMARCK, N.D.<\/span>, <span class=\"xn-chron\">April 1, 2021<\/span> \/PRNewswire\/ &#8212; Knife River Corporation announced today it has acquired Mt. Hood Rock, further strengthening the company&#8217;s aggregate position in the growing <span class=\"xn-location\">Portland<\/span> metro area. Knife River is the construction materials subsidiary of MDU Resources Group, Inc. (NYSE: MDU).<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/435402\/MDUR_logo_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/435402\/MDUR_logo_Logo.jpg\" title=\"MDU Resources logo\" alt=\"MDU Resources logo\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Mt. Hood Rock provides construction aggregates in the eastern <span class=\"xn-location\">Portland<\/span> area, including <span class=\"xn-location\">Gresham<\/span>, <span class=\"xn-location\">Troutdale<\/span>, <span class=\"xn-location\">Happy Valley<\/span> and <span class=\"xn-location\">Sandy<\/span>. The estimated 20 years of reserves bolster Knife River&#8217;s presence in the metro market. <\/p>\n<p>&#8220;Producing high-quality construction aggregates and enabling vertical integration are two of the cornerstones of Knife River&#8217;s business strategy,&#8221; said <span class=\"xn-person\">David L. Goodin<\/span>, president and CEO of MDU Resources. &#8220;A third is expanding in growing markets it knows well, such as the <span class=\"xn-location\">Portland<\/span> area. This acquisition will create efficiencies and allow for growth from Day 1.&#8221;<\/p>\n<p>The fourth pillar of Knife River&#8217;s strategy is taking care of its employees, including the new team members from Mt. Hood Rock.<\/p>\n<p>&#8220;We welcome our new employees and we are excited about our continued growth,&#8221; said <span class=\"xn-person\">David C. Barney<\/span>, president and CEO of Knife River. &#8220;We&#8217;re coming off a record earnings year, we had near-record backlog to start this year and we have now completed our ninth acquisition in the past three years. I&#8217;m very optimistic about 2021 and beyond.&#8221;<\/p>\n<p>\n        <b>Forward-Looking Statements<br \/><\/b><br \/>\n        <i>Information in this release includes certain forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release, including an estimate on aggregate reserve life and statements by the president and CEO of MDU Resources and the president and CEO of Knife River, are expressed in good faith and are believed by the company to have a reasonable basis. Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements. For a discussion of important factors that could cause actual results to differ materially from those expressed in the forward-looking statements, refer to Item 1A \u2013 Risk Factors in MDU Resources&#8217; most recent Form 10-K and Form 10-Q.<\/i>\n      <\/p>\n<p>\n        <b>About Knife River<br \/><\/b><br \/>\n        <i>Knife River Corporation mines aggregates and markets crushed stone, sand, gravel and related construction materials, including ready-mix concrete, cement, asphalt, liquid asphalt and other value-added products. It also performs integrated construction services. <\/i><br \/>\n        <i>For more information, visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3115667-1&amp;h=2646247896&amp;u=http%3A%2F%2Fwww.kniferiver.com%2F&amp;a=www.kniferiver.com\" rel=\"nofollow noopener noreferrer\">www.kniferiver.com<\/a>. \u00a0<\/i>\n      <\/p>\n<p>\n        <b>About MDU Resources<br \/><\/b><br \/>\n        <i>MDU Resources Group, Inc., a member of the S&amp;P MidCap 400 index and the S&amp;P High-Yield Dividend Aristocrats index, is Building a Strong America<sup>\u00ae<\/sup> by providing essential products and services through its regulated energy delivery and construction materials and services businesses. <\/i><br \/>\n        <i>For more information about MDU Resources, visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3115667-1&amp;h=1133733302&amp;u=http%3A%2F%2Fwww.mdu.com%2F&amp;a=www.mdu.com\" rel=\"nofollow noopener noreferrer\">www.mdu.com<\/a> or contact the Investor Relations Department at <a target=\"_blank\" href=\"mailto:investor@mduresources.com\" rel=\"nofollow noopener noreferrer\">investor@mduresources.com<\/a><\/i>.<\/p>\n<p>\n        <b>Financial Contact: <br \/><\/b><br \/>\n        <span class=\"xn-person\">Jason Vollmer<\/span>, vice president and chief financial officer, 701-530-1755<\/p>\n<p>\n        <b>Media Contacts: <br \/><\/b><br \/>\n        <span class=\"xn-person\">Tony Spilde<\/span>, Knife River communications, 541-693-5949<br \/><span class=\"xn-person\">Laura Lueder<\/span>, MDU Resources communications, 701-530-1095<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG28804&amp;sd=2021-04-01\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/knife-river-acquires-oregon-aggregates-business-301260655.html\">http:\/\/www.prnewswire.com\/news-releases\/knife-river-acquires-oregon-aggregates-business-301260655.html<\/a><\/p>\n<p>SOURCE  MDU Resources Group, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CG28804&amp;Transmission_Id=202104010830PR_NEWS_USPR_____CG28804&amp;DateId=20210401\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire BISMARCK, N.D., April 1, 2021 \/PRNewswire\/ &#8212; Knife River Corporation announced today it has acquired Mt. Hood Rock, further strengthening the company&#8217;s aggregate position in the growing Portland metro area. Knife River is the construction materials subsidiary of MDU Resources Group, Inc. (NYSE: MDU). Mt. Hood Rock provides construction aggregates in the eastern Portland area, including Gresham, Troutdale, Happy Valley and Sandy. The estimated 20 years of reserves bolster Knife River&#8217;s presence in the metro market. &#8220;Producing high-quality construction aggregates and enabling vertical integration are two of the cornerstones of Knife River&#8217;s business strategy,&#8221; said David L. Goodin, president and CEO of MDU Resources. &#8220;A third is expanding in growing markets it knows well, such as the Portland &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/knife-river-acquires-oregon-aggregates-business\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Knife River Acquires Oregon Aggregates Business&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-469675","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Knife River Acquires Oregon Aggregates Business - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/knife-river-acquires-oregon-aggregates-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Knife River Acquires Oregon Aggregates Business - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire BISMARCK, N.D., April 1, 2021 \/PRNewswire\/ &#8212; Knife River Corporation announced today it has acquired Mt. Hood Rock, further strengthening the company&#8217;s aggregate position in the growing Portland metro area. Knife River is the construction materials subsidiary of MDU Resources Group, Inc. (NYSE: MDU). Mt. Hood Rock provides construction aggregates in the eastern Portland area, including Gresham, Troutdale, Happy Valley and Sandy. The estimated 20 years of reserves bolster Knife River&#8217;s presence in the metro market. &#8220;Producing high-quality construction aggregates and enabling vertical integration are two of the cornerstones of Knife River&#8217;s business strategy,&#8221; said David L. 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Hood Rock, further strengthening the company&#8217;s aggregate position in the growing Portland metro area. Knife River is the construction materials subsidiary of MDU Resources Group, Inc. (NYSE: MDU). Mt. Hood Rock provides construction aggregates in the eastern Portland area, including Gresham, Troutdale, Happy Valley and Sandy. The estimated 20 years of reserves bolster Knife River&#8217;s presence in the metro market. &#8220;Producing high-quality construction aggregates and enabling vertical integration are two of the cornerstones of Knife River&#8217;s business strategy,&#8221; said David L. Goodin, president and CEO of MDU Resources. &#8220;A third is expanding in growing markets it knows well, such as the Portland &hellip; Continue reading \"Knife River Acquires Oregon Aggregates Business\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/knife-river-acquires-oregon-aggregates-business\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-01T12:33:28+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/435402\/MDUR_logo_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/knife-river-acquires-oregon-aggregates-business\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/knife-river-acquires-oregon-aggregates-business\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Knife River Acquires Oregon Aggregates Business","datePublished":"2021-04-01T12:33:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/knife-river-acquires-oregon-aggregates-business\/"},"wordCount":491,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/knife-river-acquires-oregon-aggregates-business\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/435402\/MDUR_logo_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/knife-river-acquires-oregon-aggregates-business\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/knife-river-acquires-oregon-aggregates-business\/","name":"Knife River Acquires Oregon Aggregates Business - 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