ACQUISITIONS |
3 Months Ended |
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Mar. 31, 2018 | |
| Business Combinations [Abstract] | |
| ACQUISITIONS |
ACQUISITIONS
Acquisition of the Stainless Pipe and Tube Assets of Marcegaglia USA, Inc. ("MUSA")
On February 28, 2017, the Company's subsidiary Bristol Metals, LLC ("BRISMET"), acquired the stainless steel pipe and tube assets of MUSA located in Munhall, PA ("Bristol Metals-Munhall").
Bristol Metals-Munhall's results of operations since acquisition are reflected in the Company's consolidated statements of operations. The amount of Bristol Metals-Munhall's revenues and pre-tax income included in the consolidated statements of operations for the three months ended March 31, 2018 were $10,968,232 and $1,211,699, respectively. For the three months ended March 31, 2017, Bristol Metals-Munhall's revenues and pre-tax income were $1,112,192 and $196,479, respectively.
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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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