Aggregates are combined totals created by adding together many individual items—such as sales, transactions, assets, or patient counts—into a single number or summary. For investors, aggregates provide a clear snapshot of overall size or trend, like viewing the water level in a reservoir instead of each stream feeding it, but they can also hide important details beneath the total, so it’s useful to check both the aggregate and its components.
ready-mixtechnical
Ready-mix is concrete that is manufactured at a central plant, loaded into rotating trucks and delivered to a construction site ready for immediate placement — think of it like cake batter mixed at a bakery and brought to a home so you can bake right away. For investors, ready-mix sales and pricing are a direct signal of construction activity, logistics efficiency and margin pressure, so changes in demand or delivery costs can affect revenue and profitability for businesses in this sector.
precast concretetechnical
Factory-made concrete components cast in reusable molds, cured under controlled conditions, then transported to a construction site for rapid assembly like large building blocks. Investors care because precast production changes project speed, cost predictability, and quality control: it can lower labor and on-site delays while concentrating revenue and operational risk in manufacturers and their supply chains, affecting margins and timelines for developers and builders.
vertically integratedtechnical
Vertically integrated describes a company that owns and controls multiple steps in making and selling its products or services — for example sourcing raw materials, manufacturing, and distribution. Like a bakery that grows its own wheat, mills the flour, bakes the bread and runs the shops, this setup can lower costs, improve quality and speed to market and protect profit margins, but it also requires more capital and can reduce flexibility.
BISMARCK, N.D.--(BUSINESS WIRE)--
Knife River Corporation (NYSE: KNF) announced today that it has acquired the assets of Donaldson Brothers Ready Mix Inc., an aggregates-based ready-mix supplier in western Montana. This is Knife River’s third acquisition in its Mountain Segment in 2026.
Donaldson is a leading supplier of aggregates and ready-mix in the growing Bitterroot Valley, south of Missoula. In addition to three aggregates sources that provide the business with over 30 years of supply, Donaldson operates a ready-mix plant and manufactures precast concrete products.
Last month, Knife River acquired Morgan Asphalt Inc., based in Salt Lake City, Utah. In January, Knife River acquired the assets of Sparrow Enterprises Inc., in Helena, Mont.
“These three acquisitions in the Mountain Segment support our strategy of targeting aggregates-based, vertically integrated opportunities in mid-size, higher-growth markets,” said Knife River President and CEO Brian Gray. “The Donaldson assets provide strategic aggregate reserves in western Montana while establishing a foothold in a new market. Montana is growing, and we are now in an even better position to support that growth.”
About Knife River
Knife River Corporation, a member of the S&P MidCap 400 index, mines aggregates and markets crushed stone, sand, gravel and related construction materials, including ready-mix concrete, asphalt and other value-added products. Knife River also performs vertically integrated contracting services, specializing in publicly funded DOT projects and private projects across the industrial, commercial and residential space. For more information about the company, visit www.kniferiver.com.
Forward-Looking Statement
The information in this release includes certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained in this release, including, but not limited to, statements about the growth potential in Montana, aggregate reserves and strategic expansion, are expressed in good faith and are believed by Knife River to have a reasonable basis. Nonetheless, actual results may differ materially from the projected results expressed in the forward-looking statements. There can be no assurance that the actual results or developments anticipated by Knife River will be realized or, even if substantially realized, that they will have the expected consequences to or effects on Knife River or its business or operations. For a discussion of important factors that could cause actual results to differ materially from those expressed in the forward-looking statements, refer to Item 1A-Risk Factors in Knife River’s Form 10-K. All forward-looking statements in this release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Except as required by law, Knife River does not undertake to update forward-looking statements, whether as a result of new information, future events or otherwise.
