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Subsequent events
12 Months Ended
Dec. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events

17. Subsequent Events

On March 7, 2022, the Company completed the acquisition of General Rubber, LLC ("GRC") through its Effox-Flextor-Mador ("EFM") joint venture. GRC is a worldwide leader in the engineering and manufacturing of non-metallic (rubber) expansion joints and flow control products with a highly diversified industrial customer base. This acquisition advances the Company further into the water, storm water and wastewater markets, which we plan to help deliver turnkey, environmentally friendly solutions that protect critical infrastructure, piping, and flow controls for these markets. The purchase price is approximately $24.0 million and financed using debt, cash and equity from EFM. The impact of this acquisition is not included in our results for the year ended December 31, 2021. The initial accounting for the acquisition was not complete at the time the financial statements were issued due to the timing of the acquisition and the filing of this Annual Report on Form 10-K. As a result, complete disclosures required under ASC 805, Business Combinations cannot be made at this time.