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BUSINESS COMBINATIONS | 3 Months Ended
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Mar. 29, 2025
BUSINESS COMBINATIONS |
BUSINESS COMBINATIONS | F. BUSINESS COMBINATIONS We completed the following acquisitions since the end of March 2024, which were accounted for using the purchase method. Dollars below are in thousands unless otherwise noted: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Net | ​
Company | Acquisition | ​ | Intangible | Tangible | Operating
Name | Date | Purchase Price | Assets | Assets | Segment
​ | December 23, 2024 | $29,901 consideration for 100% asset purchase | $ | 12,662 | $ | 17,239 | Packaging
C&L Wood Products (C&L) | Located in Hartselle, AL and founded in 1975, C&L is a manufacturer of machine-built pallets, mulch, and other wood products. The company had trailing 12-month sales of approximately $25 million through November 2024.
​ The intangible assets for the above investment have not been finalized and allocated to their respective identifiable asset and goodwill accounts. This investment contributed approximately $6.1 million to net sales and $0.2 million to operating profits during the first three months of 2025. ​ The business combination mentioned above was not significant to our operating results and thus pro forma results for 2025 and 2024 are not presented.

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