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Knife River Expands in Texas with Acquisition of Construction Materials Operations

KNF
  • Knife River Corporation acquired the assets of Texcrete Operations LLC & TexAgg LLC to support growth in the Texas Triangle.
  • Texcrete operates six ready-mix plants, 85 trucks, & one sand and gravel site with 20-plus years of aggregate reserves in the Bryan/College Station market.
  • The acquisition adds approximately 100 employees to Knife River's Texas team.
  • CEO Brian Gray stated the deal aligns with a strategy for vertically integrated operations in high-growth mid-size markets.
  • The plants are expected to utilize aggregates from existing Knife River operations & leverage Texcrete's own supply.
  • The addition of Texcrete is projected to help balance seasonality in Knife River's northern markets.
  • Texcrete serves Brazos & Montgomery counties, the latter being one of the nation's fastest-growing counties.