BISMARCK, N.D.--(BUSINESS WIRE)--MDU Resources Group, Inc. (NYSE:MDU - News) announced today that it has acquired Amador Transit Mix, Inc. and related companies (Amador), a premier ready-mix concrete producer in Sutter Creek, Calif., located approximately 45 miles southeast of Sacramento.Amador will become part of Knife River Corporation, the construction materials and contracting subsidiary of MDU Resources. Financial details of the acquisition were not disclosed. MDU Resources anticipates the acquisition will be accretive to 2008 earnings per share.
“Adding Amador to Knife River’s operations in California strengthens our presence in that construction market and complements the existing companies’ products and services,” said Bill Schneider, president and chief executive officer of Knife River. “Amador is a well-managed, successful operation that aligned well with MDU Resources’ acquisition strategy. We welcome the management and employees to the Knife River organization.”
Amador will operate as part of Knife River’s Pacific Region, which includes operations in California, Hawaii and Alaska.
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