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Acquisition
 3 Months Ended
Mar. 31, 2013
Acquisition  
Acquisition

(11)              Acquisition

 

On December 31, 2012, the Company acquired substantially all of the assets of Packaging Alternatives Corporation (“PAC”), a Costa Mesa, California-based, foam fabricator for $5.7 million.  The Consolidated Statement of Income for the three-month period ended March 31, 2013, include the following results for PAC:

 

Sales

 

$

2,681,704

 

Operating Income

 

$

66,546