TriMas Corporation Announces Acquisition in Energy Business
BLOOMFIELD HILLS -- TriMas Corp. (Nasdaq: TRS), a diversified global manufacturer, Tuesday announced that its Lamons business has expanded its global footprint and product portfolio in the rapidly growing energy market of Brazil, with the acquisition of Gasket Vedações Técnicas Ltda.
Located in Rio de Janeiro, Gasket Vedações Técnicas Ltda is a recognized manufacturer and supplier of ring-type joints for the onshore and offshore drilling markets, as well as distributor of additional gasket types for the refining and petrochemical markets.
"In July 2012, we acquired Brazilian-based Cifal, a manufacturer and supplier of specialty fasteners and bolts," said Kurt Allen, president of Lamons. "This new acquisition allows us to broaden our product offering in the country to include gaskets, and offers additional opportunities for continued growth and the ability to be in close proximity to our customers."
Over the past several years, Lamons has opened sales and service branches around the world to better serve its global customers. Lamons further expanded its global footprint and product portfolio with the acquisition of Cifal, and in 2010, with the acquisition of South Texas Bolt & Fitting.
Lamons designs, manufactures and distributes industrial sealing products and fasteners for the petroleum refining, petrochemical, oil field and other industrial markets. These highly-engineered products are designed, manufactured and stocked in close proximity to their refining and petrochemical customers to ensure quick delivery and exceptional service.
Headquartered in Bloomfield Hills, TriMas is organized into six business segments: Packaging, Energy, Aerospace & Defense, Engineered Components, Cequent Americas and Cequent Asia Pacific. TriMas has approximately 4,500 employees at more than 60 different facilities in 17 countries. For more information, visit www.trimascorp.com.
