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MDU Resources Group acquires asphalt, concrete supplier

MDU Resources Group Inc. acquired Little Falls, Minn.-headquartered Tri-City Paving Inc. for an undisclosed amount.

Tri-City Paving is a general contractor and aggregate, asphalt and ready-mix concrete supplier. The construction company will be company part of MDU Resources' construction materials subsidiary Knife River Corp., according to a June 4 news release.

"Strategic acquisitions like this one are what built our construction materials business, and with two deals closed in the last six weeks, it is good to be in growth mode again at Knife River," MDU Resources President and CEO David Goodin said.