Knife River Corp., which reported its second-quarter financial results Tuesday, closed on a pair of acquisitions in recent months.
According to Knife River, it acquired Kraemer Trucking & Excavating in May. Kraemer, which is based in St. Cloud, Minnesota, employs about 90 people. The company also has sand and gravel reserves to support Knife River’s existing operations, as well as a hard rock reserve that enhances Knife River’s ability to serve Minneapolis suburbs.
Additionally, High Desert Aggregate & Paving was acquired. High Desert employs about 60 people and is based in Bend, Oregon. The company has aggregate reserves, four asphalt plants and offers contracting services – including paving.
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