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Acquisition Tables | 6 Months Ended
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Mar. 31, 2017
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | On February 15, 2017, we acquired Singer Valve, a manufacturer of automatic control valves, and its affiliate that distributes Singer Valve products in the U.S, for an aggregate cash purchase price of approximately $26.5 million, subject to customary post-closing adjustments, which we do not expect to be material. Singer had net sales of approximately $15 million in calendar 2016 and is included in our Mueller Co. segment. The initial allocation of purchase price to the assets and liabilities of these companies, which is still subject to change, is presented below, in millions.
Assets acquired and liabilities assumed: |
Cash | $ | 0.3 |
Receivables | 2.9 |
Inventories | 4.5 |
Other current assets | 0.4 |
Property, plant and equipment | 0.9 |
Intangible assets and goodwill | 18.2 |
Accounts payable | (0.5 | )
Other current liabilities | (0.2 | )
Consideration paid | $ | 26.5 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
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