Subsequent Events

9 Months Ended

Sep. 30, 2017

Subsequent Events [Abstract]

Subsequent Events

12. Subsequent Events

On October 27, 2017, the Company announced that it has closed on the acquisition of MAS Automotive Distribution Inc., (“MAS Industries”), a privately held manufacturer of premium chassis and control arms based in Montreal, Canada, for approximately $60 million in cash at the time of closing.  This payment does not include any contingent consideration or other customary purchase price adjustments which have not yet been determined.  MAS Industries is expected to generate approximately $40 million of net sales for the twelve months ended December 30, 2017.  The Company financed the acquisition with cash on hand.