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Slide #41. TriMas Corporation — Remaining Interest in Arminak & Associates in Packaging Segment
TriMas Corporation (NASDAQ:TRS)
Remaining Interest in Arminak & Associates in Packaging Segment
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 is an industrial manufacturer of products for customers in the consumer products, aerospace, industrial, petrochemical, refinery and oil and gas end markets. Co.'s brands include Rieke®, TriMas Aerospace, Lamons® and Norris Cylinder and Arrow® Engine Company. Co. operates businesses in three reportable segments: Packaging, which is a designer and manufacturer of closure and dispensing systems for a range of end markets; Aerospace segment, which is comprised of TriMas Aerospace, which includes the Monogram Aerospace Fasteners, Allfast Fastening Systems and Martinic Engineering brands; Specialty Products segment, which is comprised of Norris Cylinder, Lamons and Arrow Engine Company.
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Buy (3.00 out of 4)
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