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Subsequent Event
9 Months Ended
Sep. 30, 2013
Subsequent Events [Abstract]  
Subsequent Event
Subsequent Event

On October 22, 2013, we acquired Portola Packaging, Inc., or Portola, a leading manufacturer of plastic closures, for an aggregate purchase price of $266 million on a debt-free basis. This business, with sales of approximately $200 million in 2012, operates eight facilities in North America and Europe. We funded the purchase price for this acquisition through revolving loan borrowings under the Credit Agreement.