Item 2.05 Costs Associated with Exit or Disposal Activities.

On October 15, 2009, executive management formally approved plans to change our French distribution and support model by migrating all relevant French distribution and support functions into our European organization, based out of our European Headquarters in Amsterdam, The Netherlands and subsequently close our distribution and finance support office in Créteil, France. Direct sales in France will continue and will be serviced by independent sales agents. We expect to complete these changes and, as a result, close our office in Créteil by December 31, 2009.
Management estimates the pre-tax restructuring charges will total approximately $4 million to $5 million. These cash charges include severance and benefits costs, external legal and professional fees, and other costs. Meetings with local staff representatives must be completed before the total amount of the restructuring charges, timing, and ongoing benefits of the targeted changes can be definitively known. This process may span several months; however we anticipate recording $3 million to $4 million of these charges during the fourth quarter of 2009. At this time, we cannot estimate the amount of charges associated with each major category of charges related to this action; therefore, we plan to file an amended Form 8-K at the time this information becomes available.
We anticipate that these actions will initially have a slightly negative impact on our consolidated net sales levels; however, excluding the restructuring charges, will be neutral to slightly accretive to earnings immediately. This Form 8-K contains "forward-looking statements" as defined under U.S. federal securities laws. These statements reflect management's current knowledge, assumptions, beliefs, estimates, and expectations and express management's current views of future performance, results, and trends and may be identified by their use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "will," and other similar terms. Forward-looking statements are subject to a number of risks and uncertainties that could cause our actual results to materially differ from those described in the forward-looking statements. Such risks and uncertainties include those discussed in our filings with the Securities and Exchange Commission (including our annual report on Form 10-K for the year ended December 31, 2008, under the heading, "Risk Factors" and our quarterly report on Form 10-Q for the quarter ended June 30, 2009). Readers should not place undue reliance on forward-looking statements. Such statements are made as of the date of this filing, and we undertake no obligation to update such statements after this date.

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