3. Acquisitions 2016 Acquisitions On August 1, 2016, through our wholly owned subsidiary American Metals Corporation, we acquired Alaska Steel Company (Alaska Steel), a full-line metal distributor headquartered in Anchorage, Alaska. Our acquisition of Alaska Steel was our first entry into the Alaska market. Alaska Steel provides steel, aluminum, stainless and specialty metals and related processing services to a variety of customers in diverse industries including infrastructure and energy, throughout Alaska. Alaska Steels net sales for the nine months ended September 30, 2017 were $17.3 million. On April 1, 2016, we acquired Best Manufacturing, Inc. (Best Manufacturing), a custom sheet metal fabricator of steel and aluminum products on both a direct and toll basis. Best Manufacturing, headquartered in Jonesboro, Arkansas, provides various precision fabrication services including laser cutting, shearing, computer numerated control (CNC) punching, CNC forming and rolling, as well as welding, assembly, painting, inventory management and engineering expertise. Best Manufacturings net sales for the nine months ended September 30, 2017 were $16.8 million. On January 1, 2016, we acquired Tubular Steel, Inc. (Tubular Steel), a distributor and processor of carbon, alloy and stainless steel pipe, tubing and bar products. Tubular Steel, headquartered in St. Louis, Missouri, has six locations and a fabrication business that supports its diverse customer base. Tubular Steels net sales for the nine months ended September 30, 2017 were $102.5 million. We funded our 2016 acquisitions with borrowings on our revolving credit facility and cash on hand. The allocation of the total purchase price of our 2016 acquisitions to the fair values of the assets acquired and liabilities assumed was as follows: (in millions) Cash $ 1.5 Accounts receivable 14.1 Inventories 66.6 Property, plant and equipment 62.2 Goodwill 104.7 Intangible assets subject to amortization 77.1 Intangible assets not subject to amortization 38.2 Other cur