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Industrial Machinery & Equipment M&A image Industrial Machinery & Equipment M&A » By The Online Investor Staff, updated Tue., Mar. 19, 2:33 AM Recent mergers and acquisitions in the Industrial Machinery & Equipment M&A category.

Slide #72. TriMas Corporation Mac Fasteners

Acquirer: TriMas Corporation (NASDAQ:TRS)
Acquiree: Mac Fasteners
Details: TriMas Corporation (NASDAQ:TRS) - a diversified global manufacturer of engineered and applied products - announced today that it has acquired Mac Fasteners, Inc. for $34 million, with additional contingent consideration of up to $6 million, payable based on attainment of future operating results. The purchase price is subject to a net working capital adjustment as of the closing date. The transaction closed on October 25, 2013, at which time Mac Fasteners became part of the Company's Aerospace & Defense segment.

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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Company Name: 
TriMas Corp (New)
Stock buyback: 
TRS buyback
Website: 
www.trimascorp.com
Sector: 
Metals Fabrication & Products
Number of ETFs Holding TRS: 
24
Total Market Value Held by ETFs: 
$142.58M
Total Market Capitalization: 
$1.01B
% of Market Cap. Held by ETFs: 
14.15%
 

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Hold (2.50 out of 4)
4th percentile
(ranked lower than approx. 96% of all stocks covered)

Analysts' Target Price:
TRS Stock Forecast

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