Knife River Corporation completed the acquisition of Kalama Quarry in Washington during the first quarter of 2025 for $10 million. This strategic bolt-on adds 50 million tons of aggregate reserves to the company's portfolio.
The Kalama Quarry is located in a growth corridor north of Vancouver, Washington, providing long-term materials supply for the region. These reserves are expected to support Knife River's operations for approximately 50 years.
This acquisition is anticipated to be margin accretive for Knife River in 2025, aligning with the company's strategy to strengthen its materials base in high-growth markets and enhance operational efficiency.
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