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Acquisition
 6 Months Ended
Jun. 30, 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- and six-month periods ended June 30, 2013, include the following results for PAC:

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

30-Jun-2013

 

30-Jun-2013

 

Sales

 

$

2,672,331

 

$

5,354,035

 

Operating income

 

145,293

 

211,839