Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of the purchase price of the Kester Acquisition to the identified assets acquired and liabilities assumed at the acquisition date:


(dollars in millions)
Identifiable assets acquired and liabilities assumed
Accounts receivable	$	7.6
Inventories	8.9
Other current assets	0.4
Property, plant and equipment	8.3
Identifiable intangible assets	36.2
Other assets	2.6
Current liabilities	(3.2)
Long-term liabilities	(4.5)
Total identifiable net assets	56.3
Goodwill	7.6
Total purchase price	$	63.9

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

The fair value of the identifiable intangible assets recorded in conjunction with the Kester Acquisition were as follows:


(dollars in millions)	Fair Value		Weighted Average Useful Life (years)
Customer relationships	$	35.0	12
Trade name	1.0		5
Developed technology	0.2		3
Total	$	36.2	11.8