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Business Combinations
3 Months Ended
Mar. 31, 2018
Business Combinations [Abstract]  
Business Combinations
Note 2 — BUSINESS COMBINATIONS
On January 2, 2018, the Company acquired the outstanding shares of IQAP Masterbatch Group S.L. (IQAP) for $73.0 million, net of cash acquired. IQAP is an innovative provider of specialty colorants and additives based in Spain with customers throughout Europe. The IQAP results are reported in the Color, Additives and Inks segment. The preliminary purchase price allocation resulted in intangible assets of $31.9 million, property, plant and equipment of $24.1 million, goodwill of $23.8 million, other liabilities of $21.1 million and net working capital of $14.4 million. Goodwill is not deductible for tax purposes. The intangible assets that have been acquired are being amortized over a period of 13 to 20 years. IQAP's sales included in our three month ended March 31, 2018 results were $16.7 million.