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Subsequent Event
9 Months Ended
Sep. 30, 2014
Subsequent Event  
Subsequent Event

11. Subsequent Event

 

On October 1, 2014, we acquired an additional interest in our joint venture partnership Acero Prime S. de R.L. de C.V. (“Acero Prime”), which increased our ownership to 51% from 40%. Acero Prime has three locations in Mexico with toll processing operations serving customers mainly in the auto industry. The assets, liabilities, and operating results from October 1, 2014 for Acero Prime will be included in our consolidated results. Net sales of Acero Prime for the nine months ended September 30, 2014 were approximately $23.0 million.