Posted 5/2/01 Bauerly Brothers announces merger with Knife River Corporation Bauerly Brothers, Inc. (Bauerly Companies), is proud to announce its merger with Knife River Corporation, a subsidiary of MDU Resources Group, Inc. (NYSE: MDU). The merger brings together companies with a common mission of being the preferred supplier of value-added natural resource products and related services that exceed customer expectations. Bauerly specializes as a general contractor in paving highways for which they have won national and state excellence awards. In addition, the company is a major supplier of ready-mix concrete in central Minnesota. The company was incorporated in the mid-1960s by members of the Leo and Agnes Bauerly family. from its beginning, the company focus has been on providing customers with quality construction materials products and services. Visit the companyís web site at www.bauerly.com. Knife River Corporation mines and markets aggregates and related value-added construction materials products and services in Alaska, California, Hawaii, Minnesota, Montana, Washington and Wyoming and also operates lignite coal mines in Montana and North Dakota. Knife River Corporation is an indirect subsidiary of MDU Resources Group, Inc., a multidimensional natural resource enterprise traded on the NYSE as MDU. For more information about Knife River Corporation, visit the companyís web site at www.kniferiver.com. This partnership will bring additional resources and strength to Bauerly Companiesí commitment to be the preferred source of aggregate, asphalt and concrete for the customers in the regions it serves. ěThe merger between our company and Knife River Corporation is designed to help both companies achieve long-term goals. We are serving more customers than ever before and seeing more growth opportunities ahead. The six brothers unanimously agreed that this merger will give us added resources to meet our long-term objectives,î according to Jerry Bauerly, CEO. ěThe addition of Bauerly Brothers broadens the geographic scope we seek at our construction materials operations,î said Terry Hildestad., president and CEO of Knife River Corp. ěThis company meets all of our strategic objectives. The company will continue to be operated as Bauerly Brothers, Inc., and there will be no change in management or key personnel. The experienced leadership team who built the company and focused their growth through quality and customer service will remain the same.î ©Post Review