CLARCOR Acquires Bekaert Advanced Filtration

CLARCOR acquired Bekaert Advanced Filtration in the first quarter of 2014 for approximately $7.3 million net of cash. The acquisition resulted in a $2.8 million bargain purchase gain.

“We recognized a $2.8 million bargain purchase gain in the first quarter of 2014 related to our acquisition of Bekaert Advanced Filtration (“BAF”). We paid approximately $7.3 million (net of cash acquired) for BAF and acquired net assets valued at approximately $10.1 million including intangible assets of $2.1 million.”

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