Rock Products

APR 2019

Rock Products is the aggregates industry's leading source for market analysis and technology solutions, delivering critical content focusing on aggregates-processing equipment; operational efficiencies; management best practices; comprehensive market

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6 • ROCK products • April 2019 IN THE KNOW MDU Resources Group Inc.'s subsidiary Knife River Corp. acquired Viesko Redi- Mix, Inc., a ready-mix concrete supplier headquartered near Salem, Ore. Viesko, which does business as Viesko Quality Concrete, is based in Wheatland, Ore., about 12 miles north of Salem and 40 miles southwest of Portland. The acquisition complements Knife River's existing Oregon operations and pro- vides expansion for Knife River into the growing north Willamette Valley and Portland Metro markets. Financial details of the acquisition were not dis- closed. MDU Resources anticipates the acquisition will be accretive to earnings per share. Founded in 1948, Viesko is a vertically FAST FACT This acquisition is the sixth in the last 11 months for Knife River. Knife River Acquires Oregon Company; Adds New Texas Aggregates Deposits integrated business with ready-mix plants in Wheatland, Woodburn and McMinnville, Ore., and an aggregate operation in Keizer, Ore. Viesko's 60 team members join Knife River's grow- ing Northwest Region, which last year acquired the operations of Molalla Redi- Mix and Rock Products Inc., and Teevin & Fischer Quarry LLC. "Knife River has a long and proud his- tory in Oregon, and we believe it has a very bright future there as well," said David L. Goodin, president and CEO of MDU Resources. "Viesko also has a proud history of serving its Oregon cus- tomers. This is another good acquisition for Knife River. We welcome the Viesko employees to our team and look forward to continued success." This acquisition is the sixth in the last 11 months for Knife River. "As we continue to grow our business, we are looking for companies like Viesko: Well-run operations in growing markets where we have familiarity," said David C. Barney, president and CEO of Knife River. "We have a lot of experience in Oregon, and we're excited to further expand our footprint." Knife River Corp. also acquired sub- stantial additional aggregate deposits in Texas, which will augment existing company operations and enhance its ability to sell aggregates to third parties. The 570 acres of land near Marble Falls, Texas, were purchased from Capitol Stop Dangerous Tramp Metals | 814.835.6000 Eriez' Suspended Magnets and Metal Detectors remove tramp metals before they damage your valuable crushers and downstream equipment. Q U I C K S H I P P R O G R A M ! Now Available in

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