Klamath Pacific Corporation Joins Staker & Parson Companies

Ogden, UT -- 7 October 2004 -- Staker & Parson Companies today announced the acquisition of assets of Klamath Pacific Corporation, located in Klamath Falls, Oregon. Company founder Bob Stewart started his career in road construction in 1962 and formed Klamath Pacific Corporation in 1982. Klamath Pacific is an integrated aggregates, asphalt, paving, and ready mixed concrete business serving customers from seven aggregate pits, two asphalt plants, and one ready-mix plant. The Klamath Pacific team is comprised of 73 skilled and talented employees.

"The addition of Klamath Pacific to Staker & Parson Companies supports our mission to partner with companies that share our commitment to be The Preferred Source by supplying quality products and outstanding service," said John Parson, CEO of Staker & Parson Companies. "We will provide resources, strength, and support to help the company grow. Expansion into the Oregon market also allows us to better serve Staker & Parson Companies' customers working there."

Klamath Pacific will continue to be locally operated and managed under the supervision of Ron Criss, Vice President of operations, assisted by Bob Stewart, the company's founder.

"The resources, financial strength, and opportunities provided by Staker & Parson Companies will provide tremendous opportunities for our company, customers, and employees." said Bob Stewart. "We will continue to serve our local customers with the best quality and service in the Klamath Basin. We also expect to grow our local workforce, which will provide more wages to be spent in the local economy."
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