Sources: CP staff; Holcim Ltd., Zug, Switzerland The Holcim Ltd. announcement of a plan to spin off its U.S. and Canadian operations into a separate, publicly traded entity coincides with investor interest in construction materials production assets at its highest level in generations. A business encompassing Holcim North America holdings is poised to emerge on the heels of record or near-record valuations…
Read MoreTag: Knife River Corp.
Knife River marks MDU split with ringing of NYSE Opening Bell
Sources: Knife River Corp., Bismarck, N.D.; CP staff Knife River Corp. has successfully completed a spinoff from longtime parent company, MDU Resources Group Inc., and announced a new name to replace an interim identity, Knife River Holding Co., adopted for a 10-month separation process. Against a backdrop of signature orange and KNF trading symbol, Knife River officials assembled above the…
Read MoreU.S. Concrete’s Sandbrook resurfaces as Knife River director candidate
Sources: MDU Resources Group Inc., Bismarck, N.D.; CP staff MDU Resources continues to unveil key appointments and related management details for its Knife River Corp. construction materials subsidiary, a spinoff of which is scheduled by June 30. Knife River Holding Co. will become a separate business, trading on the New York Stock Exchange under the KNF symbol. Knife River’s post-separation…
Read MoreMDU elevates Knife River NW Region chief, 29-year veteran Gray
Source: MDU Resources Group, Bismarck, N.D. The MDU Resources Board has named Brian Gray as president of construction materials subsidiary Knife River Corp., where 36-year veteran David Barney remains chief executive officer. With a Knife River tenure just shy of 30 years, Gray has headed the producer’s Northwest Region for a decade and overseen seven bolt-on acquisitions since 2018, most…
Read MoreMDU Resources Board sets 2023 Knife River Corp. spin off
Sources: MDU Resources Group, Bismarck, N.D.; CP staff MDU Directors have unanimously approved a plan to separate the Knife River Corp. construction materials business from the namesake power utility and related construction services flagship, both maintaining North Dakota headquarters. Knife River has 1 billion-plus tons of aggregate reserves, 110 ready mixed concrete and 50 asphalt plants, plus 410,000 tons of…
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