Acquisition	9 Months Ended
Sep. 30, 2016
Acquisition
Acquisition	15. Acquisition On April 14, 2016, the Company entered into an agreement where it made an irrevocable offer to purchase the assets and business of the wood-based activated carbon, reactivation and mineral-based filtration media business of CECA, a subsidiary of Arkema Group (the Activated Carbon and Filter Aid Business). Following the completion of consultations with certain of Arkema’s work council, the parties executed a definitive Asset and Share Purchase Agreement on July 25, 2016. The Activated Carbon and Filter Aid Business which primarily serves food and beverage, industrial and pharmaceutical customers in Europe and Asia had sales of 93.2 million Euros in 2015 and has approximately 300 employees. The completion of this transaction was subject to various customary conditions and regulatory clearances. The Company completed this acquisition on November 2, 2016 and paid 140.7 million Euros, or $153.0 million in cash and assumed certain liabilities of 6.5 million Euros, or $7.1 million. The Company has financed the transaction through borrowings under the Amended Revolver. Future consolidated financial statements of the Company will include the results of operations of the acquired business from the date of the acquisition. The Company is determining the allocation of the purchase price to the fair value of the assets and liabilities acquired.

Acquisition

9 Months Ended

Sep. 30, 2016

15. Acquisition

On April 14, 2016, the Company entered into an agreement where it made an irrevocable offer to purchase the assets and business of the wood-based activated carbon, reactivation and mineral-based filtration media business of CECA, a subsidiary of Arkema Group (the Activated Carbon and Filter Aid Business). Following the completion of consultations with certain of Arkema’s work council, the parties executed a definitive Asset and Share Purchase Agreement on July 25, 2016. The Activated Carbon and Filter Aid Business which primarily serves food and beverage, industrial and pharmaceutical customers in Europe and Asia had sales of 93.2 million Euros in 2015 and has approximately 300 employees. The completion of this transaction was subject to various customary conditions and regulatory clearances. The Company completed this acquisition on November 2, 2016 and paid 140.7 million Euros, or $153.0 million in cash and assumed certain liabilities of 6.5 million Euros, or $7.1 million. The Company has financed the transaction through borrowings under the Amended Revolver. Future consolidated financial statements of the Company will include the results of operations of the acquired business from the date of the acquisition. The Company is determining the allocation of the purchase price to the fair value of the assets and liabilities acquired.