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Knife River acquires Morgan Asphalt, terms undisclosed

Knife River (KNF) announced that it has acquired Morgan Asphalt, an aggregates-based asphalt paving company in the Salt Lake City, Utah, area. Morgan serves public and private-sector customers across northern Utah. Operations include: aggregate crushing and production, with well over 30 years of proven reserves; asphalt production, with a plant in the west Salt Lake City area and contracting services, including asphalt paving, excavating and grading. Morgan employs approximately 250 people during peak construction season.

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