Knife river enters definitive agreement to acquire strata corporation

Bismarck, n.d.--(business wire)--knife river corporation (nyse: knf) announced today that it has entered into a definitive agreement to acquire strata corporation, a leading construction materials and contracting services provider in north dakota and northwestern minnesota. based on strata's projected 2025 adj. ebitda, the purchase price of $454 million reflects a multiple in the high single digits. founded in 1910, strata is an aggregates-based, vertically integrated company with over 75 aggre.
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