Knife River Corporation has progressed with its acquisition of Texcrete Operations LLC and TexAgg LLC (Texcrete) in an expansion of its capabilities in Texas.
Knife River president and chief executive officer Brian Gray said the acquisition continues the company’s plan of targeting fast-growing regions.
“This acquisition fits our strategy of focusing on materials-based, vertically integrated operations in mid-size, high-growth markets,” he said.
“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.”
Texcrete has six ready-mix plants and 85 ready-mix trucks operating in Brazos and Montgomery counties. In addition, it has a sand and gravel site with reserves of 20 years or more if current production rates are maintained. The company’s 100 employees have joined Knife River’s Texas team.
