BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--
TriMas Corporation (NASDAQ: 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 (NASDAQ:
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.
For TriMas Corporation
Michael Szudarek
586-383-7554
mszudarek@marxlayne.com
or
Alan
Upchurch
248-797-4325
aupchurch@marxlayne.com
Source: TriMas Corporation
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