ACQUISITIONS	3 Months Ended
Aug. 25, 2019
ACQUISITION
ACQUISITION	7. ACQUISITIONS On July 2, 2019, we acquired 100% of the outstanding shares of a frozen potato processor in Australia for $116.9 million, plus or minus final working capital adjustments. This added approximately 70 million pounds of production capacity to our manufacturing network. Net sales, income from operations, and total assets of the acquired company are not material to our overall net sales, income from operations, and total assets. Beginning in July 2019, operating results of the acquired company are included in our Global segment. We allocated the purchase price to the assets acquired and liabilities assumed based on estimates of the fair value at the date of the acquisition, of which $106.3 million was allocated to goodwill (which is not deductible for tax purposes) and $3.7 million was allocated to intangible assets (to be amortized on a straight-line basis over a weighted average life of 10 years), primarily a brand name, all of which are included in the Global segment. The purchase price allocation continues to be preliminary, subject to finalizing working capital adjustments. On December 21, 2018, we acquired 100% of the outstanding shares of another frozen potato processor in Australia for $88.6 million, net of cash acquired. This acquisition added approximately 50 million pounds of production capacity to our manufacturing network and expanded our geographic reach. Net sales, income from operations, and total assets of the acquired company are not material to our overall net sales, income from operations, and total assets. Operating results of the acquired company subsequent to December 21, 2018 have been included in our Global segment.

ACQUISITIONS

3 Months Ended

Aug. 25, 2019

7. ACQUISITIONS

On July 2, 2019, we acquired 100% of the outstanding shares of a frozen potato processor in Australia for $116.9 million, plus or minus final working capital adjustments. This added approximately 70 million pounds of production capacity to our manufacturing network. Net sales, income from operations, and total assets of the acquired company are not material to our overall net sales, income from operations, and total assets. Beginning in July 2019, operating results of the acquired company are included in our Global segment.

We allocated the purchase price to the assets acquired and liabilities assumed based on estimates of the fair value at the date of the acquisition, of which $106.3 million was allocated to goodwill (which is not deductible for tax purposes) and $3.7 million was allocated to intangible assets (to be amortized on a straight-line basis over a weighted average life of 10 years), primarily a brand name, all of which are included in the Global segment. The purchase price allocation continues to be preliminary, subject to finalizing working capital adjustments.

On December 21, 2018, we acquired 100% of the outstanding shares of another frozen potato processor in Australia for $88.6 million, net of cash acquired. This acquisition added approximately 50 million pounds of production capacity to our manufacturing network and expanded our geographic reach. Net sales, income from operations, and total assets of the acquired company are not material to our overall net sales, income from operations, and total assets. Operating results of the acquired company subsequent to December 21, 2018 have been included in our Global segment.