Acquisitions and Divestitures

9 Months Ended

Sep. 30, 2017



	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
	(in millions)
Acquisitions:
Purchase price	$	42.2	$	—	$	48.3	$	—
Net cash paid	$	42.2	$	—	$	47.5	$	—
Goodwill recorded	$	14.8	$	—	$	14.8	$	—

In May 2017, we completed the acquisition of the assets of a lightweight aggregates business and, in July 2017, we completed the acquisition of the assets of a trench shoring products business. Both acquisitions were in our Construction Products Group. As of September 30, 2017, these acquisitions were recorded based on preliminary valuations of the acquired assets and liabilities at their acquisition date fair value using level three inputs. Such assets and liabilities were not significant in relation to assets and liabilities at the consolidated or segment level. See Note 3 Fair Value Accounting for a discussion of inputs in determining fair value.

There was no divestiture activity for the three and nine months ended September 30, 2017 and September 30, 2016.