Becker, which operates across Minnesota's southern border in northwestern and central Iowa, has annual revenues of about $5 million. Becker's aggregate mining and crushing operations provides government, commercial, industrial and agricultural customers with crushed stone, sand and gravel, as well as limestone.
Financial details of the asset acquisition were not disclosed, although Knife River said it paid cash. Fred Carlson is a subsidiary of Knife River, which itself is the construction materials and mining subsidiary of MDU Resources. MDU Resources anticipates the acquisition will add to its earnings per share this year.
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