4. Acquisitions 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 $26.2 million of cash acquired. Aerocan is a leading European manufacturer of extruded aluminum aerosol containers, and the aluminum slugs used to make them, for customers in the personal care, pharmaceutical, beverage and food industries. It operates three aerosol container manufacturing plants ? one each in the Czech Republic, France and the United Kingdom ? and is a 51 percent owner of a joint venture aluminum slug plant in France. The four plants employ approximately 560 people. The acquisition of Aerocan allows Ball to enter a growing part of the metal packaging industry and to broaden the company?s market development efforts into a new customer base. The acquired operations have been included in the metal beverage packaging, Europe, segment since the acquisition date. Management?s preliminary fair market valuation of acquired assets and liabilities is summarized below. The preliminary valuation was based on market and income approaches. ($ in millions) Other assets and liabilities, net $ 7.4 Property, plant and equipment 95.8 Goodwill 166.9 Other intangible assets 53.9 Deferred taxes (22.8 ) Noncontrolling interest (6.0 ) Net assets acquired $ 295.2 Certain customer contracts, customer relationships, developed technology and assembled workforce 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. Latapack-Ball Embalagens, Ltda. (Latapack-Ball) In August 2010, the company paid $46.2 million to acquire an additional 10.1 percent economic interest in its Brazilian beverage packaging joint venture, Latapack-Ball, through a transaction with the joint venture partner, Latapack S.A. This transaction increased the company?s overall economic interest in the joint venture to 60.1 percent and expands and strengthens Ball?s presence in the g