On November 26, 2012, the Company completed the acquisition of Wetzel Holding AG, Wetzel GmbH and certain related affiliates (collectively "Wetzel"), a leading European provider of pre-press services and gravure printing forms. The purchase price for Wetzel was approximately 42.5 million Euros ($55.0 million) on a cash-free, debt-free basis, plus potential additional consideration contingent on the future operating results of Wetzel. The transaction is intended to further expand the Company's products and services in the global graphics imaging market.