Welcome to our dedicated page for Trimas news (Ticker: TRS), a resource for investors and traders seeking the latest updates and insights on Trimas stock.
TriMas Corp (TRS) News Hub provides investors and industry professionals with comprehensive updates on this diversified manufacturer of engineered solutions. Track official announcements across packaging, aerospace, and specialty product segments, including earnings reports, strategic acquisitions, and operational developments.
This resource consolidates TriMas' latest financial disclosures, product innovations, and market expansion efforts. Users will find press releases detailing advancements in closure systems, aerospace fasteners, and industrial sealing technologies – all critical to understanding the company's multi-segment growth strategy.
Key updates include quarterly financial performance, leadership changes, sustainability initiatives, and patent filings. The curated news flow helps stakeholders monitor TriMas' execution of its capital allocation framework and responses to evolving industrial demands.
Bookmark this page for streamlined access to TRS corporate communications. Combine these updates with SEC filings and industry analysis for informed decision-making regarding this global engineered products provider.
TriMas (NASDAQ: TRS) has appointed Shawn Sedaghat as a new independent director, effective February 10, 2025. Sedaghat, who brings over four decades of global business experience in the packaging industry, will serve as a Class III director and join the Governance and Nominating Committee. This appointment expands the TriMas Board to nine directors, with eight being independent.
The appointment follows TriMas' proactive approach to board refreshment, including the recent appointment of Herbert K. Parker as independent Chairman in 2024. Sedaghat's extensive background includes founding SEDA Specialty Packaging Corp., serving as CEO of PKG Group, , and founding Gotha Cosmetics S.R.L. He currently serves as Chairman of Trend International Holding AG.
TriMas, headquartered in Bloomfield Hills, Michigan, manufactures products for consumer products, aerospace, and industrial markets through its TriMas Packaging, TriMas Aerospace, and Specialty Products groups, employing approximately 3,400 people across 13 countries.
TriMas (NASDAQ: TRS) has announced ongoing strategic actions to streamline and optimize its business portfolio to enhance shareholder value. The company recently completed the sale of its Arrow Engine business on January 31, 2025, marking its exit from the oil and gas market. TriMas has engaged PJT Partners and Bank of America as financial advisors to assess additional portfolio optimization options.
The company's Board of Directors and management team have been actively engaging with shareholders over the past year to gather perspectives on portfolio streamlining, continuous improvement, and capital return strategies. TriMas operates through three main segments: TriMas Packaging, TriMas Aerospace, and Specialty Products, employing approximately 3,400 people across 13 countries.
TriMas (NASDAQ: TRS) has sold its subsidiary Arrow Engine Company to IES Infrastructure Solutions , a division of IES Holdings, Inc. (NASDAQ: IESC). Arrow Engine, based in Tulsa, Oklahoma, specializes in natural gas-powered engines, compressors, and replacement parts for oil and gas production and industrial markets.
Arrow Engine's products are primarily distributed throughout the United States and Canada through a worldwide distribution network. The company manufactures its own engine line and provides spare parts for various industrial engines. The acquisition aligns with IES Holdings' portfolio, which includes electrical and technology systems installation and infrastructure services across various end markets including data centers, residential housing, and commercial facilities.
TriMas (NASDAQ: TRS) has announced its upcoming fourth quarter and full year 2024 earnings conference call, scheduled for Thursday, February 27, 2025. The company will release its earnings results at 8 a.m. Eastern Time, followed by the conference call at 10 a.m.
The call will be accessible via phone at (877) 407-0890 for U.S. and Canada, or +1 (201) 389-0918 for international participants. A simultaneous webcast will be available on TriMas' website with accompanying slides. A replay will be available from February 27 at 3 p.m. through March 13.
TriMas operates through three main segments: TriMas Packaging, TriMas Aerospace, and Specialty Products. The company employs approximately 3,400 people across 13 countries, serving consumer products, aerospace, and industrial markets.
TriMas (NASDAQ: TRS) has completed the sale of its Arrow Engine business to IES Infrastructure Solutions , a division of IES Holdings, Inc. (NASDAQ: IESC), marking its exit from the oil and gas market sector. The transaction closed on January 31, 2025.
Arrow Engine, founded in 1955, is a provider of natural gas-powered engines and replacement parts for oil field applications, with an estimated 2024 revenue of approximately $20 million. The business primarily serves the United States and Canada through its worldwide distribution network.
Following the sale, Arrow Engine will operate under IES's Infrastructure Solutions segment while maintaining the Arrow name. The 2025 segment reporting for TriMas's Specialty Products will now only include Norris Cylinder's financial performance, along with one month of Arrow Engine's results.
TriMas Packaging (NASDAQ: TRS) has maintained its Gold level rating from EcoVadis for Environmental, Social and Governance (ESG) initiatives, positioning its U.S.-based sites (Rieke ) in the top 5% of over 130,000 globally assessed companies.
The EcoVadis assessment evaluates 21 criteria across four core themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. The methodology aligns with international sustainability standards, including the UN Global Compact, ILO conventions, GRI standards, and ISO 26000.
TriMas Packaging, with approximately 2,200 employees across 26 locations worldwide, serves various markets including beauty and personal care, food and beverage, home care, pharmaceutical, and industrial sectors. The company operates through market-leading brands such as Rieke®, Affaba & Ferrari™, Rapak®, Taplast™, Plastic Srl, and Aarts Packaging, focusing on dispensing, closure, and flexible packaging solutions.
TriMas Packaging (NASDAQ: TRS), the largest operating group of TriMas, announces its participation in two major trade shows in 2025. The company will showcase its product portfolio at Paris Packaging Week (January 28-29) and LUXE PACK Los Angeles (February 12-13).
At Paris Packaging Week, TriMas will present its new Singolo™ fully recyclable foaming dispenser pump, 100% PET jars for hair care, and advanced color cosmetic packaging. The LUXE PACK exhibition will focus on beauty and personal care products, featuring customizable color cosmetic packaging, lotion pumps, and airless dispensing systems.
The company emphasizes its commitment to sustainable packaging solutions and innovation in the beauty, cosmetic, and personal care markets. TriMas Packaging operates with approximately 2,200 employees across 26 locations worldwide, serving various markets including beauty, food and beverage, pharmaceutical, and industrial sectors.
TriMas Packaging (NASDAQ: TRS) has announced the launch of a new fully recyclable foaming pump under its patented Singolo™ product line. The innovative dispenser features a polymeric spring instead of a metallic one, making it entirely recyclable while maintaining familiar functionality. Approved by the Association of Plastic Recyclers, the dispenser is customizable with various neck sizes, head shapes, and colors, suitable for beauty, personal care, and home care applications.
The Singolo foamer pump operates in the 0.8 cc to 1.5 cc range, complementing the existing PCR-ready dispensers that range from 2 cc to 4 cc. The product will debut at the Paris Packaging Week trade show on January 28-29. TriMas Packaging, with approximately 2,200 employees across 26 locations worldwide, continues to advance its sustainability initiatives through innovative packaging solutions.
Barington Capital Group, owning approximately 1.5% of TriMas (NasdaqGS: TRS), has formally requested the company's Board of Directors to explore strategic alternatives. The request, made through a letter to Board Chairman Herbert K. Parker, comes at a time when the company is contemplating a CEO transition.
Barington believes this timing is optimal for pursuing strategic alternatives and has urged the Board to immediately retain a financial advisor to guide this process.
TriMas (NASDAQ: TRS) announced a leadership transition plan. Thomas Amato will step down as President and CEO, while the Board searches for a successor with the help of Spencer Stuart. Amato will remain in his role until June 30, 2025, or until a new CEO is appointed. He will not seek re-election to the Board at the 2025 Annual Shareholders meeting.
Amato, who became CEO in 2016, has significantly impacted TriMas by turning around its aerospace business and expanding its product offerings. He also navigated the company through challenging global market conditions.
Herbert Parker, Chairman of the Board, praised Amato's contributions and leadership. Amato expressed confidence in TriMas' future growth and commitment to supporting a smooth transition. TriMas manufactures products for consumer, aerospace, and industrial markets, employing around 3,400 people across 13 countries.
FAQ
What is the current stock price of Trimas (TRS)?
What is the market cap of Trimas (TRS)?
