MDU Resources Group aren't the first words that come to mind when you think about construction materials. However, the Bismarck, N.D.-based utilitys deregulated businesses far exceed its retail gas and electric segments. Through 50 acquisitions since 1992, MDU has assembled a $1.3-billion-a-year construction materials and contracting business.
That business is called Knife River Corp. and it has a new president and chief executive officer, William Schneider. MDU's directors promoted him to the post April 6. He succeeds Terry D. Hildestad, who will assume a new position as president and chief operating officer of MDU Resources.