MDU Resources subsidiary Knife River has acquired construction aggregates provider Mt. Hood Rock, further strengthening its position in Portland.
MDUCEO David L. Goodin says: “Producing high-quality construction aggregates and enabling vertical integration are two of the cornerstones of Knife River’s business strategy. A third is expanding in growing markets it knows well, such as the Portland area. This acquisition will create efficiencies and allow for growth from day one.”
Knife RiverCEO David C. Barney says: “We welcome our new employees and we are excited about our continued growth. We’re coming off a record earnings year, we had near-record backlog to start this year and we have now completed our ninth acquisition in the past three years. I’m very optimistic about 2021 and beyond.”
Mt. Hood Rock operates in the eastern Portland area, including Gresham, Troutdale, Happy Valley and Sandy.
