Knife River to acquire Strata in $454M deal - Portable Plants

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Knife River to acquire Strata in $454M deal - Portable Plants

Knife River Corp. came to terms on an agreement to acquire Strata Corp., a construction materials and contracting services provider in North Dakota and northwest Minnesota. The reported purchase price is $454 million. Founded in 1910, Strata is an aggregate-based, vertically integrated company with more than 75 aggregate locations, extensive reserves and rail assets to take those reserves to market. Strata has 28 ready-mixed concrete plants, thr…