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TriMas Corporation reports developments for a manufacturer and supplier serving consumer packaging, life sciences and industrial markets through TriMas Packaging and Specialty Products. Recurring updates cover operating results, earnings outlooks, quarterly dividends, share repurchases and portfolio actions, including the completed divestiture of TriMas Aerospace.
Company news also describes segment performance in closure and dispensing systems, specialty products such as cylinders, cost actions, restructuring benefits and conference-call communications tied to periodic earnings releases.
TriMas (NASDAQ: TRS) has announced its agreement to acquire Affaba & Ferrari Srl, a leading designer and manufacturer of precision caps and closures, enhancing its packaging segment. Expected to close by year-end, this acquisition will bolster TriMas' offerings in the food & beverage and industrial sectors, adding proprietary designs and advanced production capabilities. Affaba & Ferrari, founded in 1949, is projected to generate around €32 million in revenue for 2020, bringing valuable certifications and blue-chip customers to TriMas.
TriMas (NASDAQ: TRS) will host its third quarter 2020 earnings conference call on October 29, 2020, at 10 a.m. Eastern Time, following the release of earnings results at 8 a.m. The call can be accessed by dialing (800) 353-6461 with the confirmation code 3061032. A simultaneous webcast will be available on the company's website. A replay of the call will be accessible from October 29 at 3 p.m. until November 5 at 3 p.m.
TriMas operates in consumer products, aerospace, and industrial markets, employing around 3,500 staff across 11 countries.