Company Continues to Expand Global Footprint and Product Portfolio
in Europe
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--
TriMas Corporation (NASDAQ: TRS) — a diversified global manufacturer of
engineered and applied products — announced today its Lamons energy
business has expanded its manufacturing capability and product portfolio
in Europe with the acquisition of Wulfrun Specialised Fasteners Limited
for approximately $9.6 million. The purchase price is subject to a net
working capital adjustment as of the closing date. The transaction
closed on March 26, 2013.
With operations in the United Kingdom, Wulfrun is a manufacturer and
distributer of specialty bolting and CNC machined components for use in
critical oil and gas, pipeline and power generation applications.
Wulfrun Specialised Fasteners Limited generated approximately $10.0
million in revenue for the 12 months ended December 31, 2012.
"This new acquisition enhances our capabilities throughout Europe," said
Kurt Allen, president of Lamons. "The ability to provide specialty bolts
to new and existing customers through our current network of branches,
offer specialty bolts to our distribution customers who currently
purchase them elsewhere, plus the ability to supply gaskets to existing
Wulfrun customers provides Lamons with additional growth opportunities
throughout Europe."
About TriMas
Headquartered in Bloomfield Hills, Michigan, TriMas Corporation (NASDAQ:
TRS) provides engineered and applied products for growing markets
worldwide. TriMas is organized into six reportable segments:
Packaging, Energy, Aerospace & Defense, Engineered Components, Cequent
Americas and Cequent Asia Pacific. TriMas has approximately 5,500
employees at more than 60 facilities in 17 countries. For more
information, visit www.trimascorp.com.
About Lamons
Headquartered in Houston, Texas, Lamons is one of the largest gasket,
fastener and specialty bolt suppliers in the world, committed to premium
quality products and local service. It has major manufacturing, sales
and service facilities located throughout the world. Lamons has
maintained its market leadership with the widest selection of gasket and
bolt materials ready for immediate delivery with leading technology and
state-of-the-art manufacturing facilities that produce engineered
products to custom specifications serving the petroleum refining,
petrochemical, power generation, and pulp and paper industries. For
additional information, visit www.lamons.com
or call (713) 222-0284.
TriMas Corporation
Christine Parker
Communications Specialist
(248)
631-5438
christineparker@trimascorp.com
Source: TriMas Corporation
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