TriMas Corporation
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Thomas James Snyder
- Full Time Employees
- 3,700
- Sector
- Process industries
- Industry
- Containers/Packaging
- Address
- 38505 Woodward Avenue Bloomfield Hills MI United States 48304
- IPO Date
- May 18, 2007
- CIK
- 0000842633
- Website
- trimas.com
- Similar Companies
- Business
- TriMas Corporation (NASDAQ:TRS) is a diversified manufacturer of engineered industrial products serving consumer products, aerospace and defense, and industrial end markets worldwide. Founded in 1986 and headquartered in Bloomfield Hills, Michigan, the company operates through three primary segments: Packaging, Aerospace, and Specialty Products, with approximately 3,900 employees across 13 countries. Its Packaging segment, including the Rieke brand, designs and produces dispensing systems such as dispenser pumps (foamers, airless, lotion, treatment), sprayers (triggers, fine mist, perfume), caps and closures (aseptic beverage caps, food caps, flip top, push-pull, child-resistant, jar and pail closures), flexibles, and related industrial products like drum closures, caps and spouts tailored for e-commerce and sustainability needs; the Aerospace segment supplies highly-engineered fastener solutions for composite and metallic aircraft structural applications, including customer-qualified blind bolts, solid and blind rivets, temporary fasteners, collars, and standard fasteners, alongside high-pressure ducting and precision-engineered components; while the Specialty Products segment, encompassing brands such as Norris Cylinder, Lamons, Arrow Engine, and Martinic Engineering, manufactures highly-engineered high-pressure and low-pressure cylinders, gasket sealing solutions, and engineered valves for petrochemical, refinery, oil and gas, and other industrial applications. In a significant strategic shift announced in November 2025, TriMas entered into a definitive agreement to sell its Aerospace business to an affiliate of Tinicum L.P., with funds managed by Blackstone as a minority investor, for approximately $1.45 billion in cash, a transaction expected to close by the end of the first quarter of 2026 subject to regulatory approvals and customary closing conditions, allowing the company to optimize its portfolio and focus on core growth areas in packaging and specialty products. Concurrently, the Board of Directors increased its common stock repurchase authorization to $150 million in November 2025, underscoring confidence in the underlying value of its remaining businesses and a commitment to returning capital to shareholders amid the pending divestiture. The company continues to pursue global manufacturing optimization, evaluating capacity and footprint to enhance efficiency, support growth, and address evolving market dynamics including trade policies and customer demands for localized production.
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