Industrial M&A » By The Online Investor Staff, updated Thu., Apr. 25, 11:27 PM
Recent mergers and acquisitions in the Industrial M&A category.
| This Slide: #41 of 100 |
Slide #41. TriMas Corporation — Remaining Interest in Arminak & Associates in Packaging Segment
Acquirer:
TriMas Corporation (NASDAQ:TRS)
Acquiree:
Remaining Interest in Arminak & Associates in Packaging Segment
Details:
TriMas Corporation (NASDAQ:TRS) - a diversified global manufacturer of engineered and applied products - today announced it has acquired the remaining 30 percent interest of Arminak & Associates, LLC for cash, plus an earn-out based on the future success of the business. The transaction closed on March 11, 2014. Helga Arminak will remain as president of Arminak and the company will continue to operate as part of the Company's Packaging segment. TriMas had previously acquired a 70 percent share of the business in February 2012.
TriMas manufactures and provides products for customers in the consumer products, aerospace and industrial end markets. Co.'s reportable segments are: Packaging, which develops and manufactures a range of dispensing products, polymeric and steel caps and closures, polymeric jar products, and dispensers for fill-ready bag-in-box applications; Aerospace, which develops, qualifies and manufactures tubular products and assemblies for fluid conveyance, and machined products and assemblies to serve the aerospace and defense market; and Specialty Products, which designs, manufactures and distributes steel cylinders, wellhead engines and compression systems for use within industrial markets.
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Avg. Broker Rec.
 
|
Hold (2.50 out of 4) 4th percentile
(ranked lower than approx. 96% of all stocks covered)
Analysts' Target Price: TRS Stock Forecast Based on Zacks ABR data; powered by Xignite |
