TriMas Acquires Omega Plastics and TFI Aerospace
December 13, 2021
TriMas (NASDAQ: TRS) announced bolt-on acquisitions of Omega Plastics (added to TriMas Packaging) and TFI Aerospace (added to TriMas Aerospace). Omega, a Clinton Township, Michigan injection-molding and tooling company serving medical and industrial markets, generated about $18M of revenue in 2021; TFI, near Toronto, is a specialty aerospace fastener supplier with about $6M of revenue. TriMas said both targets are private, family-owned companies and expects the deals to expand product offerings and manufacturing capacity while keeping net leverage below 2.0x.
- Buyers
- TriMas
- Targets
- Omega Plastics, TFI Aerospace
- Sellers
- Private, family-owned owners (Omega Plastics), Private, family-owned owners (TFI Aerospace)
- Platforms
- TriMas Packaging, TriMas Aerospace
- Industry
- Manufacturing
- Location
- Michigan, United States
- Transaction Type
- Addon
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