TriMas Corporation Announces Final Decision in Its Energy Segment
Resource from: BUSINESS WIRE Likes:128
Jan 07,2015
TriMas Corporation (TRS) – a diversified global manufacturer of engineered and applied products – announced today its final decision to move a portion of the gasket and fastener operations from its Lamons Houston facility to a new facility in Mexico. The move to Mexico will improve the Lamons global operating model and enhance the competitiveness of the business. This transition is expected to be completed over the next 12 to 18 months.
Notice Regarding Forward-Looking Statements
Any "forward-looking" statements contained herein, including those relating to market conditions or the Company's financial condition and results, expense reductions, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including, but not limited to, risks and uncertainties with respect to the Company’s plans for successfully executing the spin-off within the expected timeframe or at all, the taxable nature of the spin-off, future prospects of the companies as independent companies, general economic and currency conditions, various conditions specific to the Company's business and industry, the Company’s ability to integrate Allfast and attain the expected synergies, and the acquisition being accretive, the Company's leverage, liabilities imposed by the Company's debt instruments, market demand, competitive factors, supply constraints, material and energy costs, technology factors, litigation, government and regulatory actions, the Company's accounting policies, future trends, and other risks which are detailed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2013, and in the Company's Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements.
About TriMas
Headquartered in Bloomfield Hills, Michigan, TriMas Corporation (TRS) provides engineered and applied products for growing markets worldwide. TriMas is organized into six reportable segments: Packaging, Energy, Aerospace, Engineered Components, Cequent APEA and Cequent Americas. TriMas has approximately 7,000 employees at more than 60 facilities in 19 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 +1 (713) 222-0284.
(BUSINESS WIRE)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
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