4. Acquisitions Qingdao M.C. Packaging Ltd. (QMCP) In October 2011, Ball acquired the remaining 60 percent interest in a joint venture metal beverage container facility in Qingdao, PRC. As a result of purchase accounting, the company recorded a gain of $9.2 million in equity in results of affiliates, related to the previously held interest in the joint venture. The acquisition of the remaining interest is not material to the metal beverage packaging, Americas and Asia, segment. Aerocan S.A.S. (Aerocan) In January 2011, the company acquired Aerocan for ¬221.7 million ($295.2 million) in cash and assumed debt, net of $26.2 million of cash acquired. Aerocan is a leading European manufacturer of extruded aluminum aerosol containers, and the aluminum slugs used to make them, for customers in the personal care, pharmaceutical, beverage and food industries. It operates three aerosol container manufacturing facilities   one each in the Czech Republic, France and the United Kingdom   and is a 51 percent owner of a joint venture aluminum slug facility in France. The acquisition of Aerocan allows Ball to expand into a new product category that is growing faster than other parts of our business, while aligning with a new customer base at returns that meet or exceed the company s cost of capital. The acquired operations have been included in the metal beverage packaging, Europe, segment since the acquisition date. Management s fair market valuation of acquired assets and liabilities is summarized below. The valuation was based on market and income approaches. ($ in millions) Other assets and liabilities, net $ 6.5 Property, plant and equipment 95.8 Goodwill 167.3 Other intangible assets 53.9 Deferred taxes (22.3 ) Noncontrolling interest (6.0 ) Net assets acquired $ 295.2 Certain customer contracts, customer relationships and developed technology were identified as intangible assets by the company and assigned estimated useful lives between 5 and 12 years. The intangible assets are being amortized on a straight-line basis.