Acquisitions

9 Months Ended

Dec. 31, 2011

Acquisitions [Abstract]

Business Combination Disclosure Text Block

2.       On August 6, 2010, the Company completed its acquisition of 100% of the partnership interest in Lebanon Valley Cold Storage, LP and the assets of Unilink, LLC (collectively “Lebanon”) from Pennsylvania Food Group, LLC and related entities. The rationale for the acquisition was twofold: (1) to broaden the Company's product offerings in the frozen food business; and (2) to take advantage of distribution efficiencies by combining shipments since the customer bases of the Company and Lebanon are similar. The purchase price totaled $20.3 million plus the assumption of certain liabilities. This acquisition was financed with proceeds from our revolving credit facility. The purchase price to acquire Lebanon was allocated based on the internally developed fair value of the assets and liabilities acquired and an independent valuation of property, plant, and equipment.

The total purchase price of the transaction has been allocated as follows (in millions):
Current assets	$	13.8
Property, plant and equipment		13.9
Bargain purchase gain		(0.6)
Current liabilities		(6.8)
Total	$	20.3