Subsequent Events

9 Months Ended

Mar. 31, 2017

Subsequent Events.

Subsequent Events

Note 19—Subsequent Events

In April 2017, the Company acquired the assets and business of Paris Art Label Company (“PAL”), a manufacturer of labels and shrink sleeve products to the branded consumer marketplace in the United States. The acquisition is part of the Company’s previously announced strategy to expand its capability and presence in the label sector globally. Net sales for PAL for the most recently completed 12 months prior to the acquisition were approximately $26,000. The preliminary purchase price included cash consideration of $16,500 which remains subject to a working capital adjustment with the seller. Additional cash consideration may be paid based on the acquired business’ EBITDA, as defined in the purchase agreement, over the next three years. Such additional cash consideration may range from zero to $11,500.