US: Construction Owners News has reported that Knife River Corporation has acquired Texcrete Operations and TexAgg’s operations in Bryan and College Station, Texas. The assets consist of six ready-mix concrete plants, served by 85 mixer trucks, and a sand and gravel site with 20 years’ reserves. Following the deal, 100 new employees have joined Knife River Corporation's Texas team.
Knife River Corporation president and CEO Brian Gray said "This acquisition fits our strategy of focusing on materials-based, vertically integrated operations in mid-size, high-growth markets. We expect the ready-mix plants will pull through aggregates from our existing Knife River operations, in addition to leveraging Texcrete's own supply. We're excited about the growth potential in Texas, and we further expect the addition of Texcrete will help balance the seasonality in our Northern US markets."
Knife River Corporation acquires Central Texas assets of Texcrete Operations and TexAgg
