Knife River completed the acquisition of Texcrete Operations and TexAgg.

Knife River, a company that mines aggregates and markets crushed stone, sand, gravel and related construction materials, completed the acquisition of Texcrete Operations, a provider of ready-mix concrete, sand, rock, and speciality mixes, and TexAgg, a provider of aggregates to the ready-mix and construction industry. Financial terms were not disclosed. “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 markets,” Brian Gray, Knife River President and CEO.