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Sale of Business | 12 Months Ended
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Dec. 31, 2015
Discontinued Operations |
Sale of Business | (5) Sale of Business Sale of Certain Americas Product Lines On September 15, 2015, the Company completed the sale of certain assets related to the Company's fittings, brass and tubular and vinyl tubing product lines to a third party in an all-cash transaction. The Company received net cash proceeds of approximately $33.1 million, after inventory adjustments and transaction fees. Total net assets sold were $33.4 million, resulting in an immaterial loss. The carrying amounts of the net assets sold were as follows:
|  | (in millions) |
Inventories, net |  | $ | 21.9 |
Other assets |  |  | 3.1 |
Property, plant and equipment, net |  |  | 4.3 |
Goodwill |  |  | 4.1 |
​ | ​ | ​ | ​ | ​
Total net assets sold |  | $ | 33.4 |
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​ | ​ | ​ | ​ | ​
Agreement to Sell China Manufacturing Facility On September 22, 2015, the Company signed an agreement to sell a manufacturing facility in China that is dedicated to the production of non-core products. As of December 31, 2015, the facility was still in operation and did not meet the requirements for held for sale classification on the balance sheet. The Company expects to complete the sale of the facility in the first half of 2016 and the sales price will exceed the carrying value of the assets.

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- Definition Disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale. + References No definition available. + Details
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