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Knife River Acquires Baker Rock Resources and Oregon Mainline Paving
Wednesday 24 November 2021

US-based construction materials provider Knife River Corp. has acquired Pacific Northwest construction materials companies Baker Rock Resources and Oregon Mainline Paving, the company said.

Knife River is the construction materials subsidiary of MDU Resources Group, Inc. (NYSE: MDU).

Baker Rock, headquartered in Beaverton, Oregon, has an estimated 83m to 88m tons of construction aggregates in key growth locations around the Portland metro area, which historically has been a strong market for Knife River.

Oregon Mainline is one of the state's largest asphalt paving contractors, supporting Knife River's vertically integrated business model.

Together, they add about 230 employees to Knife River's Northwest Region.

The separate transactions for Baker Rock and Oregon Mainline occurred concurrently. While financial details were not disclosed, the acquisitions represent a significant investment in Knife River's future:

Baker Rock's 83m to 88m tons of aggregate reserves complement Knife River's Portland Metro operations and replenish reserves in a market with high demand.

Baker Rock also produces asphalt from two plants one near Beaverton and one in Dayton, Oregon.

Baker Rock was one of the largest family-owned construction materials companies in the Northwest and has a culture similar to Knife River's: Aggregates-based, vertically integrated and focused on safety, quality and taking care of its employees.

Oregon Mainline, based in McMinnville, is among the largest asphalt paving companies in the state, with reach into California, Idaho and Washington.

Oregon Mainline operates two portable asphalt plants and three paving crews.
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Date Published: 24/11/2021

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