69 Pr oductora de Cables Pr ocables S.A.S. (“Pr ocables”) On October 1, 2012 , the Company acquired 60% of Procables from the existing shareholders (the “Seller” or “Minority Shareholder”) who maintained control of the remaining 40% of the shares for $27.4 million which was retained by the Company of which $24.0 million was used to pay down the assumed existing debt of $48.1 million . For a 36 -month period commencing on the expiration of the no-transfer period of four years, the Minority Shareholder may exercise a put option to sell all of their shares, 40% of the shares, to the Company . The Company shall be irrevocably obligated to purchase the shares ("Put Option"). In addition, the Company has a call option ("Call Option") to purchase the additional 40% of the shares. For a 36-month period commencing on the expiration of the no-transfer period of four years, the Company may exercise a Call Option right to purchase all of the Sellers' shares (the remaining 40%). The consideration to be exchanged, per share in the event of a Put Option or Call Option shall be the higher of the following (1) the final per share purchase price; or (2) a price per Share based on the Company's enterprise value equal to seven times the average of its earnings before interest, taxes, depreciation and amortization (“EBITDA”) over the two most recently audited year -end financial statements immediately prior to the option being exercised, minus the 12-month average Net Indebtedness of the Company for the most recent audited fiscal year (“EBITDA average”). Refer to Note 15 - Redeemable Noncontrolling Interest for details of the put and call option. The Company expensed $0.6 million in fees and expenses related to the acquisition, reported within SG&A. Procables employs over 500 employees, through its two manufacturing facilities in Bogota and Barranquilla in ROW , and of fers a broad range of wire and cable products, including low and medium voltage power cables, building wire, industrial, communications, and bare aluminum conductors as well as operating copper and aluminum rod mills. The acquisition of Procables is expected to enhance the Company's presence in the Andean Region, create syner gies, increase production capacity and complement the Company's current investments in ROW . In 201 1 , the last full year before the acquisition, Procables reported revenues of $ 120 million . Procables will be consolidated in the ROW operating segment. The following table represents a preliminary purchase price allocation based on the estimated fair values, or other measurements as applicable, of the assets acquired and the liabilities assumed, in millions: October 1, 2012 Cash $ 28.8 Accounts receivable (1) 28.2 Inventories 19.3 Property, plant and equipment 27.0 Intangible assets 10.6 Goodwill 3.7 Other current and noncurrent assets 4.4 Total assets $ 122.0 Current liabilities $ 67.8 Other liabilities 8.5 Total liabilities $ 76.3 Redeemable noncontr olling inter est $ 18.3 (1) Accounts receivable is gross contractual value. As of the acquisition date, the fair value of accounts receivable approximated carrying value. The primary factor which contributed to an acquisition price in excess of the fair value of net assets acquired and the establishment of goodwill was the strategy to enhance the Company's presence in this strategically important market in the Andean Region further solidifying the Company's geographic coverage throughout the Americas which is one of the most extensive in the wire and cable industry . The resulting goodwill is not amortizable for tax purposes. The amount of net sales and operating loss included in the Company's actual consolidated results of operations from the acquisition of Procables were $ 33.2 million and $ 0.4 million , respectively , for the year ended December 31, 2012 . Pr estolite W ir e, LLC ("Pr estolite") On November 2, 2012 , the Company acquired "Prestolite" for $59.5 million . The operations include two manufacturing locations in Paragould, Arkansas and Nogales, Mexico. The Company expensed $0.6 million in fees and expenses related to the acquisition, reported within SG&A. Through its manufacturing facilities in the United States and Mexico the business of fers a broad range of wire and cable and wire harness products serving predominately transportation OEMs, tier 1 wire harness manufacturers and distribution customers. Prestolite employs over 700 employees. In 201 1 , the last full year before the acquisition, Prestolite reported revenues of $170 million . Prestolite will be consolidated in the North American operating segment. T able of Contents