MDU Resources has added Minnesota-based contractor Tri-City Paving to its subsidiary Knife River to expand the company’s regional footprint.
Tri-City also operates three ready-mix plants, three portable asphalt plants and dust control operation. It will be integrated into Knife River’s central Minnesota division based in Sauk Rapids.
David Goodin, president and CEO of MDU Resources, says: “Strategic acquisitions like this one are what built our construction materials business, and with two deals closed in the last six weeks, it is good to be in growth mode again at Knife River. We look forward to continued success in Minnesota and are optimistic about additional growth opportunities at Knife River and our other businesses.”