Year ended December 31, 2018 2018 Acquisitions Acquisition of Earthoil On May 31, 2018, the Company completed an acquisition of 100% of the equity interest in Earthoil Plantations Limited, a supplier of pure, organic, fair trade essential and cold-pressed vegetable seed oils used in the naturals, organic beauty, and personal care markets. The acquisition expands and strengthens Univars existing global natural beauty and personal care product line. The total purchase price of the acquisition was $13.3 million . The purchase price allocation includes goodwill of $3.7 million and intangibles of $6.1 million . During the second quarter of 2018, the Company recorded an initial purchase price of $13.7 million and included goodwill of $2.5 million and intangibles of $6.1 million . During the third quarter of 2018, the Company recorded a purchase price adjustment of $0.4 million on this acquisition which resulted in an increase of $1.2 million to goodwill. The adjustments were primarily attributable to a $1.7 million increase in other accrued expenses associated with final working capital adjustments. The operating results subsequent to the acquisition date did not have a significant impact on the consolidated financial statement of the Company. The accounting for this acquisition has only been preliminarily determined. Acquisition of Kemetyl Industrial Chemicals On January 4, 2018, the Company completed an acquisition of 100% of the equity interest in Kemetyl Norge Industri AS as well as a definitive asset purchase agreement with Kemetyl Aktiebolag. Kemetyl is among the leading distributors of chemical products in the Nordic region and provides bulk and specialty chemicals, such as isopropanol, glycols, metal salts, minerals and polyacrylamides, to customers in Sweden and Norway. The addition of Kemetyl will allow Univar to expand its leading position in the pharmaceutical industry. The purchase price of these acquisitions was $7.5 million (net of cash acquired of $0.7 million ). The purchase price allocation includes goodwill of $3.9 million and intangibles of $3.6 million . During the third quarter of 2018, the Company recorded an initial purchase price of $8.9 million and included goodwill of $5.3 million and intangibles of $3.7 million . During the third and fourth quarter of 2018, the Company recorded purchase price adjustments of $1.4 million on these acquisitions which resulted in a decrease of $1.4 million to goodwill recorded during the first quarter of 2018. The adjustments were primarily attributable to final working capital adjustments. The operating results subsequent to the acquisition date did not have a significant impact on the consolidated financial statement of the Company. The accounting for these acquisitions has only been preliminarily determined. Year ended December 31, 2017 In the year ended December 31, 2017 , the Company completed two acquisitions. On September 21, 2017, the Company completed an acquisition of 100% of the equity interest in Tagma Brasil Ltda., a leading Brazilian provider of customized formulation and packaging services for crop protection chemicals that include herbicides, insecticides, fungicides and surfactants. This acquisition expands Univar's agriculture business in one of the world's fastest-growing agricultural markets. On September 29, 2017, the Company completed a definitive asset purchase agreement with PVS Minibulk, Inc., a provider of Minibulk services for inorganic chemicals in California, Oregon, and Washington. This acquisition expands and strengthens Univar's MiniBulk business in the West Coast market as the Company has the opportunity to service PVS customers and integrate them into the Univar business. The purchase price of these acquisitions was $21.7 million (net of cash acquired of $0.2 million ). The purchase price allocation includes goodwill of $1.0 million and intangibles of $5.3 million . Purchase price adjustments on the 2017 acquisitions resulted in a decrease of $3.2 million to goodwill recorded in 2018. The adjustments were primarily attributable to net cash proceeds of $2.2 million and $1.1 million increase in the value allocated to intangible assets. The operating results subsequent to the acquisition dates did not have a significant impact on the consolidated financial statement of the Company. The initial purchase price of the 2017 acquisitions was $23.9 million (net of cash acquired of $0.2 million ). The accounting for these acquisitions was complete as of September 30, 2018. As of March 31, 2017, the purchase price allocation for the Bodine and Nexus Ag 2016 acquisitions were finalized. Purchase price adjustments on prior acquisitions resulted in additional cash payments of $0.5 million during the three months ended March 31, 2017.