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Acquisition
 9 Months Ended
Sep. 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 nine-month periods ended September 30, 2013, include the following results for PAC:

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2013

 

2013

 

Sales

 

$

2,514,043

 

$

7,866,078

 

Operating income

 

39,934

 

251,774