Subsequent Event

9 Months Ended

Sep. 30, 2011

Subsequent Events [Abstract]

Subsequent Events

SUBSEQUENT EVENTS

The Company has evaluated subsequent events through the issuance date of these financial statements. The following material subsequent events were identified that required disclosure:

Acquisitions

On November 2, 2011, the Company entered into an agreement to acquire Vermont Composites, for $40.0 million. Vermont Composites, located in Bennington, VT, designs and manufactures composite aerostructures and advanced composite medical equipment. Annual sales for 2011 are expected to be approximately $32.0 million. This acquisition supports the Company's strategy of adding scale in aerospace, particularly in higher growth composite markets, through acquisitions. The Company will include this acquisition in its Aerospace segment and expects to close this transaction in early November.

Other Matters

As a result of the recent weather impacting the northeast, the Company's Bloomfield, CT facilities are experiencing prolonged power outages. The Company is assessing the impact, if any, that these power outages might have on its financial performance in the fourth quarter.