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Subsequent Events
6 Months Ended
Jun. 30, 2012
Subsequent Events
Note 13.   Subsequent Events

Rexam PLC’s plastic thermoformed food business

On July 3, 2012 we announced that we had entered into a definitive purchase agreement to acquire Rexam PLC’s plastic thermoformed food business for an aggregate purchase price of $250.0 million. This business, with sales of approximately $90.0 million for the year ended December 31, 2011, provides thermoformed packaging solutions such as retortable bowls and barrier trays to many of the world’s leading packaged food and ready-meal companies.  The transaction is expected to close in the third quarter of 2012, subject to certain customary conditions and regulatory approvals, and we expect to fund the purchase price for this acquisition with cash on hand.

Öntaş

On July 10, 2012, we acquired Öntaş Öner Teneke Ambalaj Sanayii Ve Tikaret A.S., which operates under the name of Öntaş in Izmir, Turkey, or Öntaş, for an aggregate purchase price of $18.3 million.  Öntaş, with sales of approximately $30.0 million for the year ended December 31, 2011, is a leading supplier of food cans and vacuum closures in the Turkish market.  We funded the purchase price for this acquisition with cash on hand.