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Subsequent Events
9 Months Ended
Sep. 30, 2011
Subsequent Events [Abstract] 
Subsequent Events

Note 16. Subsequent Events

As previously announced, on October 6, 2011, the Company entered into a share purchase agreement for 100 percent of the outstanding shares of Robuschi S.p.A. ("Robuschi") for a purchase price of approximately €152 million. Robuschi is headquartered in Parma, Italy, and has annual revenues of approximately €70 million. Its shares are currently held by an investor group led by Milan, Italy based Aksia Group. Robuschi is a leading European producer of blowers, pumps and associated packages used in a wide variety of end markets including wastewater, mining, and power generation, as well as general industrial applications. Its production facilities are located in Parma and Noceto, Italy; Sao Paulo, Brazil; and Shanghai, China.

The transaction is subject to customary closing conditions, including the receipt of applicable regulatory approvals, and is expected to close in the fourth quarter of 2011. The Company currently expects to fund the purchase price with cash on hand and borrowings under its 2008 Credit Agreement (as described below).