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SUBSEQUENT EVENT
9 Months Ended
Sep. 30, 2011
SUBSEQUENT EVENT 
SUBSEQUENT EVENT

NOTE 16 — SUBSEQUENT EVENT

 

In October 2011, the Company acquired TKH Plastics Pvt Ltd (“TKH”), a leading provider of injection molded dispensing closures in India.  The Company acquired 100% of the outstanding common stock of TKH for approximately $17 million in cash and approximately $1 million in assumed debt.  The acquisition was approved by the Board of Directors and will allow the Company to expand its geographical presence in India.  The purchase was funded using cash flows from operations.  The assets acquired will be included in the Beauty + Home reporting segment.  This acquisition will not have a material impact on the results of operations in 2011 and therefore no proforma information will be required.