Acquisitions

The following table summarizes the Company's recent acquisitions:



Description		Date of Transaction	Purchase Consideration			Acquired	Segment
			(In millions)
Autoform Tool & Manufacturing		October 10, 2014	$	48.9		100% of equity	Assembly Components
	An Indiana supplier of high and pressure fuel lines used in Gasoline Direct Injection systems across a large number of engine platforms.
Apollo Group Limited		June 10, 2014	$	6.5	*	100% of equity	Supply Technologies
	A U.K. supply chain management services company providing Class C production components and supply chain solutions to aerospace customers worldwide.
QEF Global Holdings Limited		November 1, 2013	$	4.1	*	100% of equity	Supply Technologies
	An Irish provider of supply chain management solutions with four locations throughout Ireland, Scotland and England.
Henry Halstead Limited		October 1, 2013	$	20.1	*	100% of equity	Supply Technologies
	A U.K. provider of supply chain management solutions throughout the United Kingdom and Ireland.
Pines Technology		August 14, 2013	$	0.8	*	Assets & liabilities	Engineered Products
	An Ohio design and manufacturing business of various tube bending machines and related tooling, spare and replacement parts and ancillary services for commercial applications.
Bates Rubber		April 29, 2013	$	20.8	*	Assets & liabilities	Assembly Components
	A Tennessee manufacturer of extrusion, formed, and molded products including air/fluid transfer hoses and assemblies, emission management subsystems, thermoplastic hose and molded components and gaskets for transportation and industrial applications.

* Purchase consideration is net of cash acquired.

These acquisitions were accounted for under the acquisition method of accounting. The Apollo Group Limited (“Apollo”)purchase price allocation was preliminary as of September 30, 2014. The Apollo purchase agreement provides for payment of contingent consideration of approximately $2.4 million based on achievement of certain EBITDA targets over two years. The fair value of the earn-out was approximately $1.1 million at the date of the acquisition for a total purchase consideration of $6.5 million. On the acquisition date, a liability was recognized for the estimate of the acquisition date fair value of the earn-out. Any change in the fair value of the earn-out subsequent to the acquisition date will be recognized in selling, general and administrative expenses. Management’s valuation of the fair value of tangible and intangible assets acquired and liabilities assumed are based on estimates and assumptions. The purchase price allocation is subject to further adjustment until all pertinent information regarding the finalization of the appraisals for inventories, intangibles, goodwill, other liabilities and deferred income tax assets and liabilities acquired are fully evaluated by the Company.

The following table summarizes the acquisition-related costs we incurred for the periods presented:



	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
	(In millions)
Costs included in cost of sales:
Acquisition-related costs	$	0.2	$	—	$	0.2	$	—
Costs included in selling, general and administrative expenses:
Contingent consideration expenses	$	0.2	$	—	$	0.9	$	—

The acquisition-related costs in cost of sales relate to the fair value measurements to inventory acquired from the acquisitions that were expensed during the periods presented.