Sources: MDU Resources Group, Bismarck, N.D.; CP staff
MDU construction materials subsidiary Knife River Corp. has extended its Pacific Northwest precast/prestressed concrete production footprint, acquiring the assets of Oldcastle Infrastructure Spokane. The operation serves contractors and developers in Washington, Idaho and Oregon, and complements an existing Knife River precast/prestressed plant in the latter state.
“This is a great fit as we continue to grow and expand our position in the precast/prestressed concrete segment of the construction industry,” says Knife River President David Barney. “The Spokane group has a good reputation and a respected team, and we look forward to continued success in what has been a strong market for us.”
The Knife River Prestress Division, including the new Spokane component, is Precast/Prestressed Concrete Institute certified, and specializes in engineered structures or components for bridges, buildings and stadiums. The 80-member Spokane team has joined the Knife River Northwest Region.
The transaction is rare for Oldcastle Infrastructure, which has maintained nearly all U.S. and Canadian properties acquired over the past four decades. Formerly CPM Prestress, the Spokane operation originally accompanied the Central Pre-Mix business, a longtime holding of Oldcastle Materials, now CRH Americas Materials.