Knife River acquires additional aggregate deposits in Texas

Knife River, an MDU Resources subsidiary, has acquired additional aggregate deposits in Texas to improve its ability sell to third-parties. 

The 570 acres of land near Marble Falls was purchased from Capitol Aggregates for an undisclosed amount.

Knife River intends to use the ‘Honey Creek’ property, which has access to a major rail line, to add a rail loading facility to transport aggregates to its existing locations in Waco, Bryan and Beaumont as well as to third parties. Also, it is now pursuing the necessary permits to harvest the aggregates which it anticipates will provide an approximately 40-year supply of high-quality aggregates to Knife River’s existing Texas markets.

David L. Goodin, president and CEO of MDU, says: “This acquisition supports our strategy of focusing on vertical integration. High-quality construction materials are centrally important to Knife River, and we believe that growing our aggregates position in Texas and owning more of our source rock is a good business decision.”

Source

 

(Visited 1 times, 1 visits today)

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Jobs

Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.