Business Combinations

6 Months Ended

Mar. 02, 2013

Business Combinations [Abstract]

Business Combinations

Note 5. Business Combinations

Pending acquisition

On February 22, 2013, the Company entered into an Asset Purchase Agreement (the "Asset Purchase Agreement") with Barnes Group Inc. ("Barnes"), to acquire substantially all of the assets and assume certain liabilities of the North American distribution business ("BDNA") of Barnes for a purchase price of $550,000. The purchase price is subject to a customary working capital adjustment. In addition, the purchase price is subject to a downward adjustment if the adjusted EBITDA (as defined in the Asset Purchase Agreement) derived from the audited financial statements of BDNA for the year ended December 31, 2012 and delivered prior to the closing of the acquisition is less than $36,000. The acquisition is expected to close during the Company's fiscal third quarter and will be financed using available cash and borrowings under an anticipated new credit facility and term loan structure.