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TriMas Corporation Acquires Trail Com Limited And Announces Agreement To Acquire CIFAL Industrial e Comercial Ltda


Monday, 30 Jul 2012 07:55am EDT 

TriMas Corporation announced that it has entered into an agreement to acquire CIFAL Industrial e Comercial Ltda and has acquired Trail Com Limited, for approximately $23 million USD in cash, in aggregate, with additional future payments based on post-acquisition operating results. TriMas' Lamons business entered into an agreement to acquire CIFAL Industrial e Comercial Ltda, located in Sao Paulo, Brazil. CIFAL is a recognized manufacturer and supplier of specialty fasteners and stud bolts, primarily to the oil and gas industry. In addition, the Cequent Asia Pacific business announced the acquisition of Trail Com Limited completed on July 2, 2012. Headquartered in Auckland, New Zealand, Trail Com is a distributor for towing accessories and trailer components. 

Company Quote

31.54
0.09 +0.29%
15 Apr 2014