Subsequent Events

9 Months Ended

Sep. 30, 2011

Subsequent Events

Subsequent Events

12.           Subsequent Events

In October 2011, the Company’s Board of Directors declared a cash dividend of $0.125 per share, estimated to total $6.0 million, to be paid on January 26, 2012, to stockholders of record on January 5, 2012.

In October 2011, the Company entered into an agreement to purchase all of the shares of S&P Clever Reinforcement Company AG and S&P Reinforcement International AG, both companies incorporated under the laws of Switzerland (collectively, “S&P Clever”), for 54 million Swiss Francs (equivalent, at the exchange rate on October 26, 2011, to $61.4 million), subject to post-closing adjustments. S&P Clever manufactures and sells engineered materials to repair, strengthen, and restore concrete and masonry construction and has operations in Switzerland, Germany, Portugal, Poland, The Netherlands and Austria. The transaction is expected to close in January 2012.