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Trimas Announces The Acquisition Of Aarts Packaging

Feb 01, 2023•almost 3 years ago

Acquiring Company

TriMas

Acquired Company

Aarts Packaging

Manufacturing

Description

TriMas (NASDAQ: TRS) today announced that it has acquired Aarts Packaging B.V., a well-established, innovative luxury packaging solutions provider for prestigious beauty and lifestyle brands, as well as for customers in the food and life sciences end markets. Effective immediately, Aarts Packaging will become part of TriMas Packaging’s group of leading businesses, which consist of Rieke®, Affaba & FerrariTM, Rapak®, TaplastTM, Intertech and Omega Plastics.

Company Information

Company

TriMas

About

TriMas manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our approximately 3,500 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our TriMas family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the TriMas Business Model. TriMas is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit www.trimascorp.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed