Business Combinations (Tables)

9 Months Ended

Sep. 30, 2017

Business Combinations

Schedule of Purchase Price Allocation

The following table provides summary information about the purchase consideration and identifiable assets acquired:

(In millions)
Consideration paid at closing	$	23.6
Purchase price allocation:
Inventories	$	10.6
Property, plant and equipment		6.8
Equity method investment		6.1
Prepaid expenses, supplies and other current assets		0.1
Estimated fair value of assets acquired	$	23.6

Summary of Preliminary Estimated Fair Value of Property Plant and Equipment

The preliminary fair value estimate of property, plant and equipment acquired is as follows:

	Estimated Fair
(In millions)	Value
Land and improvements	$	0.7
Buildings and improvements		2.6
Machinery, equipment, furniture and fixtures		3.5
Property, plant and equipment acquired	$	6.8