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v3.25.1

Acquisitions (Tables) | 3 Months Ended
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Mar. 31, 2025
Therma Foam |
Acquisitions |
Summary of Consideration Transferred and Allocation of the Consideration to Acquired Assets and Assumed Liabilities |
|  | Preliminary Allocation |  |  |  |  |  |  |  |
(in millions) |  | As of 2/3/2025 |  |  |  |  |  |
Total cash consideration transferred |  | $ | 52.9 |  |  |  |  |  |  |  |  |
Recognized amounts of identifiable assets acquired and liabilities assumed: |  |  |  |  |  |  |  |  |  |
Receivables, net |  | 2.7 |  |  |  |  |  |  |  |  |
Inventories |  | 1.4 |  |  |  |  |  |  |  |  |
Other current assets |  | 0.1 |  |  |  |  |  |  |  |  |
Property, plant and equipment |  | 8.8 |  |  |  |  |  |  |  |  |
Other intangible assets |  | 6.7 |  |  |  |  |  |  |  |  |
Accounts payable |  | (0.9) |  |  |  |  |  |  |  |  |
Other current liabilities |  | (0.6) |  |  |  |  |  |  |  |  |
Total identifiable net assets |  | 18.2 |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 34.7 |  |  |  |  |  |  |  |  |
Summary of Acquired Definite-Lived Intangible Assets | The preliminary fair values and weighted average useful lives of the acquired definite-lived intangible assets are as follows:
(in millions) |  | Fair Value |  | Weighted Average Useful Life (in years)
Customer relationships |  | $ | 6.5 |  |  | 9
Other intangibles |  | 0.2 |  |  | 5
Total |  | $ | 6.7 |  |  |
PFB Holdco, Inc |
Acquisitions |
Summary of Consideration Transferred and Allocation of the Consideration to Acquired Assets and Assumed Liabilities | he following table summarizes the consideration transferred to acquire PFB and the preliminary allocation of the purchase price among the assets acquired and liabilities assumed based upon their acquisition date fair values with the remainder allocated to goodwill. The fair values are preliminary and subject to change pending receipt of the final valuation for all acquired assets and liabilities.
|  | Preliminary Allocation |  | Measurement Period Adjustments |  | Preliminary Allocation |  |  |  |
(in millions) |  | As of 12/18/2024 |  |  | As of 3/31/2025 |  |  |
Total cash consideration transferred |  | $ | 268.9 |  |  | $ | (3.0) |  |  | $ | 265.9 |  |  |  |  |
Recognized amounts of identifiable assets acquired and liabilities assumed: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | 6.4 |  |  | — |  |  | 6.4 |  |  |  |  |
Receivables, net |  | 9.6 |  |  | — |  |  | 9.6 |  |  |  |  |
Inventories |  | 14.5 |  |  | — |  |  | 14.5 |  |  |  |  |
Other current assets |  | 6.6 |  |  | — |  |  | 6.6 |  |  |  |  |
Property, plant and equipment |  | 31.7 |  |  | — |  |  | 31.7 |  |  |  |  |
Other intangible assets |  | 112.8 |  |  | 11.5 |  |  | 124.3 |  |  |  |  |
Other long-term assets |  | 46.1 |  |  | — |  |  | 46.1 |  |  |  |  |
Accounts payable |  | (4.6) |  |  | — |  |  | (4.6) |  |  |  |  |
Other current liabilities |  | (27.8) |  |  | 13.0 |  |  | (14.8) |  |  |  |  |
Deferred taxes |  | (27.9) |  |  | (1.8) |  |  | (29.7) |  |  |  |  |
Other long-term liabilities |  | (43.5) |  |  | — |  |  | (43.5) |  |  |  |  |
Total identifiable net assets |  | 123.9 |  |  | 22.7 |  |  | 146.6 |  |  |  |  |
Goodwill |  | $ | 145.0 |  |  | $ | (25.7) |  |  | $ | 119.3 |  |  |  |  |
Summary of Acquired Definite-Lived Intangible Assets | The preliminary fair values and weighted average useful lives of the acquired definite-lived intangible assets are as follows:
(in millions) |  | Fair Value |  | Weighted Average Useful Life (in years)
Customer relationships |  | $ | 81.5 |  |  | 11
Trade names |  | 15.0 |  |  | 15
Technologies |  | 27.8 |  |  | 11
Total |  | $ | 124.3 |  |  |
MTL Holdings LLC |
Acquisitions |
Summary of Consideration Transferred and Allocation of the Consideration to Acquired Assets and Assumed Liabilities |
|  | Preliminary Allocation |  | Measurement Period Adjustments |  | Preliminary Allocation
(in millions) |  | As of 5/1/2024 |  |  | As of 3/31/2025
Total cash consideration transferred |  | $ | 423.1 |  | $ | 1.5 |  | $ | 424.6
Recognized amounts of identifiable assets acquired and liabilities assumed: |  |  |  |  |  |
Cash and cash equivalents |  | 10.3 |  | — |  | 10.3
Receivables, net |  | 14.0 |  | — |  | 14.0
Inventories |  | 17.2 |  | — |  | 17.2
Other current assets |  | 0.9 |  | — |  | 0.9
Property, plant and equipment |  | 10.7 |  | (0.3) |  | 10.4
Other intangible assets |  | 248.3 |  | — |  | 248.3
Other long-term assets |  | 8.1 |  | 0.3 |  | 8.4
Accounts payable |  | (5.9) |  | — |  | (5.9)
Other current liabilities |  | (6.1) |  | — |  | (6.1)
Deferred taxes |  | (6.9) |  | — |  | (6.9)
Other long-term liabilities |  | (6.7) |  | (0.9) |  | (7.6)
Total identifiable net assets |  | 283.9 |  | (0.9) |  | 283.0
Goodwill |  | $ | 139.2 |  | $ | 2.4 |  | $ | 141.6

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