Note 19 - Subsequent Event

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Subsequent Events [Text Block]

19.

    

Subsequent Event

:

On

January 2, 2019,

the Company acquired all of the net assets of McCullough, based in Kenton, Ohio. McCullough was founded in

1965

and manufactures and sells branded self-dumping hoppers used in a variety of industrial applications. McCullough’s products are primarily sold through industrial distributors and catalogues.

The acquisition will be accounted for as a business combination and the assets valued at fair market value. The acquisition is

not

considered significant and McCullough results will be included in the Company’s carbon metals flat products segment in the Company’s

first

quarter of

2019

financial results. In connection with the closing of the acquisition, the Company has included the eligible assets of McCullough in its credit facility.