TriMas Announces Plans For Further Facility Consolidation
Paris, Arkansasproduction will be consolidated into the Ottawa, Kansasfacility;
- Engineered Components: activities at two
Tulsa, Oklahomafacilities will be consolidated into another existing Tulsa, Oklahomalocation; and
Mexico City, Mexico, production will be consolidated into a recently launched facility in San Miguel de Allende, Mexico.
In addition, within the Energy segment, the Company is exploring options to improve the performance of its
"A key tenet to the
Certain activities at the impacted facilities may continue through the end of the year and into early 2017 before the consolidation efforts are finalized. The Company will provide more information related to these consolidation activities, expected one-time costs to achieve and estimated future savings, on its third quarter earnings call.
Notice Regarding Forward-Looking Statements
Any "forward-looking" statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, contained herein, including, but not limited to, those relating to the Company's business, financial condition or future results, involve risks and uncertainties, including, but not limited to, risks and uncertainties with respect to: the Company's leverage; liabilities imposed by the Company's debt instruments; market demand; competitive factors; supply constraints; material and energy costs; risks and uncertainties associated with intangible assets, including goodwill or other intangible asset impairment charges; technology factors; litigation; government and regulatory actions; the Company's accounting policies; future trends; general economic and currency conditions; the potential impact of Brexit; various conditions specific to the Company's business and industry; the Company's ability to identify attractive acquisition candidates, successfully integrate acquired operations or realize the intended benefits of such acquisitions; potential costs and savings related to facility consolidation activities; future prospects of the Company; and other risks that are detailed in the Company's Annual Report on Form 10-K for the fiscal year ended
Christine ParkerManager, Investor Relations & Communications(248) 631-5438 firstname.lastname@example.org
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