Acquisitions and divestitures

9 Months Ended

Apr. 02, 2016

Acquisitions

Acquisitions and divestitures

2. Acquisitions

During the second quarter of fiscal 2016, the Company acquired two businesses with aggregated annualized sales of approximately $120.0 million for an aggregate purchase price of $36.4 million. The Company paid cash of $19.7 million, net of cash acquired, for such acquisitions in the second quarter of fiscal 2016. The Company has not disclosed the pro-forma impact of the fiscal 2016 acquisitions, as such impact was not material to the Company’s consolidated financial position or results of operations.

During the third quarter of fiscal 2016, there were no material measurement period adjustments for the fiscal 2016 acquisitions.