BLOOMFIELD HILLS, Michigan, April 25, 2024 – TriMas (NASDAQ: TRS) today announced that its TriMas Packaging group has received a prestigious supplier award from Grupo Boticário. The Silver Award was presented to TriMas Packaging at Grupo Boticário’s recent 27th Annual Supplier Conference in Curitiba, Brazil. This is the first time TriMas Packaging, or any of its business lines, has received recognition from Grupo Boticário.
“We are honored to receive this recognition from Grupo Boticário, which not only reflects our dedication to innovation but also highlights our focus on exceptional quality, service, technical support and delivery,” commented Fabio Salik, TriMas Packaging Group President. “As we further establish ourselves in South America, this award reinforces our commitment to exceeding expectations and driving the beauty packaging industry to new heights.”
Through its partnership with Grupo Boticário, one of the largest beauty companies in the world, TriMas Packaging continues to expand its presence in South America, particularly with its dispensing and fragrance pump solutions. TriMas Packaging offers an extensive range of dispensers, foamers, fragrance pumps and caps, airless systems, closures and color cosmetic packaging, all tailored to meet the specific requirements of individual products and brands within the luxury and masstige beauty, cosmetic and personal care end markets.
About TriMas Packaging
TriMas Packaging serves its global customers with its market-leading brands, consisting of Rieke®, Affaba & Ferrari™, Rapak®, Taplast™, Plastic Srl and Aarts Packaging. TriMas Packaging designs and manufactures a comprehensive array of dispensing, closure and flexible packaging solutions for a broad range of end markets including the beauty and personal care, food and beverage, home care, pharmaceutical and nutraceutical, and industrial and agricultural markets. With approximately 2,200 dedicated employees and 26 locations worldwide, TriMas Packaging’s innovative solutions and services are designed to enhance customers’ ability to dispense, transport and store their products safely and securely in an ever-changing marketplace. For more information, please visit www.trimaspackaging.com.
About TriMas
TriMas manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our approximately 3,400 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our TriMas family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the TriMas Business Model. TriMas is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit www.trimas.com.
Contact
Sherry Lauderback
VP, Investor Relations & Communications
(248) 631-5506
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BLOOMFIELD HILLS, Michigan, April 23, 2024 – TriMas (NASDAQ: TRS) today declared a quarterly cash dividend of $0.04 per share of TriMas Corporation stock. The quarterly dividend is payable on May 14, 2024, to shareholders of record as of the close of business on May 7, 2024.
About TriMas
TriMas manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our approximately 3,500 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our TriMas family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the TriMas Business Model. TriMas is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit www.trimas.com.
Notice Regarding Forward-Looking Statements
Any "forward-looking" statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, contained herein, including those relating to TriMas’ business, financial condition or future results, involve risks and uncertainties with respect to, including, but not limited to: general economic and currency conditions; competitive factors; market demand; our ability to realize our business strategies; our ability to identify attractive acquisition candidates, successfully integrate acquired operations or realize the intended benefits of such acquisitions; pressures on our supply chain, including availability of raw materials and inflationary pressures on raw material and energy costs, and customers; the performance of our subcontractors and suppliers; risks and uncertainties associated with intangible assets, including goodwill or other intangible asset impairment charges; risks associated with a concentrated customer base; information technology and other cyber-related risks; risks related to our international operations, including, but not limited to, risks relating to tensions between the United States and China; government and regulatory actions, including, without limitation, climate change legislation and other environmental regulations, as well as the impact of tariffs, quotas and surcharges; changes to fiscal and tax policies; intellectual property factors; uncertainties associated with our ability to meet customers’ and suppliers’ sustainability and environmental, social and governance (“ESG”) goals and achieve our sustainability and ESG goals in alignment with our own announced targets; litigation; contingent liabilities relating to acquisition activities; interest rate volatility; our leverage; liabilities imposed by our debt instruments; labor disputes and shortages; the disruption of operations from catastrophic or extraordinary events, including, but not limited to, natural disasters, geopolitical conflicts and public health crises, the amount and timing of future dividends and/or share repurchases, which remain subject to Board approval and depend on market and other conditions; our future prospects; our ability to successfully complete the sale of our Arrow Engine business; and other risks that are detailed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023. The risks described are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deemed to be immaterial also may materially adversely affect our business, financial position and results of operations or cash flows. 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, except as required by law.
Contact
Sherry Lauderback
VP, Investor Relations & Communications
(248) 631-5506
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BLOOMFIELD HILLS, Michigan, April 18, 2024 – TriMas Packaging, the largest division of TriMas (NASDAQ: TRS), will exhibit its innovative and sustainable dispensing and closure solutions at two prominent beauty, cosmetics and personal care shows this May.
LUXE PACK, renowned as the premier show for luxury packaging solutions, will take place on May 8th and May 9th at the Javits Center in New York City, New York. At Booth #A27, TriMas Packaging and its market-leading brands, consisting of Rieke®, Aarts Packaging, Affaba & Ferrari™, Taplast™ and Rapak®, will showcase their core dispensing and closure product offerings alongside their latest innovations, including fragrance pumps, sustainable products and customization capabilities.
China Beauty Expo, a prominent show for the beauty and personal care industry, will take place from May 22nd to May 24th at the Shanghai New International Expo Center in Shanghai, China. At Booth #W4C09, TriMas Packaging’s family of brands will present their extensive beauty and personal care portfolio, as well as the environmentally-conscious Singolo™ line of fully recyclable, single-polymer dispensing pumps.
“Our TriMas Packaging team is looking forward to once again participating in both LUXE PACK New York and the China Beauty Expo, two esteemed events that bring together the best in beauty, personal care and cosmetics innovation,” said Fabio Salik, TriMas Packaging Group President. “We are excited to connect with industry professionals and showcase how our dispensing and closure solutions can enhance the packaging design appeal and functionality of our customers’ brands, while also supporting their sustainability objectives.”
About TriMas Packaging
TriMas Packaging serves its global customers with its market-leading brands, consisting of Rieke®, Affaba & Ferrari™, Rapak®, Taplast™, Plastic Srl and Aarts Packaging. TriMas Packaging designs and manufactures a comprehensive array of dispensing, closure and flexible packaging solutions for a broad range of end markets including the beauty and personal care, food and beverage, home care, pharmaceutical and nutraceutical, and industrial and agricultural markets. With approximately 2,200 dedicated employees and 26 locations worldwide, TriMas Packaging’s innovative solutions and services are designed to enhance customers’ ability to dispense, transport and store their products safely and securely in an ever-changing marketplace. For more information, please visit www.trimaspackaging.com.
About TriMas
TriMas manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our approximately 3,400 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our TriMas family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the TriMas Business Model. TriMas is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit www.trimas.com.
Contact
Kristin Reim
Communications Specialist
(615) 927-1908
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BLOOMFIELD HILLS, Michigan, April 9, 2024 – TriMas (NASDAQ: TRS) announced today that it will host its first quarter 2024 earnings conference call on Tuesday, April 30, 2024. The conference call will begin at 10 a.m. Eastern Time and will follow the Company’s release of first quarter 2024 earnings results at 8 a.m. that day.
To participate on the earnings conference call, please dial: (877) 407-0890 (U.S. and Canada) or +1 (201) 389-0918 (outside the U.S. and Canada) and ask to be connected to the TriMas first quarter 2024 earnings conference call. The conference call will also be simultaneously webcast via TriMas’ website at www.trimas.com, under the “Investors” section, with an accompanying slide presentation.
If you are unable to participate during the live teleconference, a replay of the conference call will be available beginning April 30 at 3 p.m. Eastern Time through May 14 at 3 p.m. Eastern Time. To access the replay, please dial: (877) 660-6853 (U.S. and Canada) or +1 (201) 612-7415 (outside the U.S. and Canada) and use meeting ID 13745821 to access or visit the “Investors” section of the Company’s website.
About TriMas
TriMas designs and manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets, through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our approximately 3,400 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our TriMas family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the TriMas Business Model. TriMas is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit www.trimas.com.
Contact
Sherry Lauderback
Vice President, Investor Relations & Communications
(248) 631-5506
This email address is being protected from spambots. You need JavaScript enabled to view it.
Announces Planned Retirement of Samuel Valenti III, Board Chairman, and Appointment of Herbert K. Parker as Chair Elect
BLOOMFIELD HILLS, Michigan, March 20, 2024 – TriMas (NASDAQ: TRS) today announced the planned retirement of Samuel Valenti III as Chairman of its Board of Directors, effective at the Company’s Annual Meeting of Shareholders in May 2024. In connection with this announcement, the Company also announced that the Board of Directors has selected Herbert K. Parker as Chair Elect, who will serve as the Chair of the Board of Directors effective immediately after TriMas’ 2024 Annual Meeting of Shareholders.
“As I retire from my role as TriMas’ Chairman of the Board, I reflect with gratitude on the remarkable journey we have traveled together,” Valenti said. “It has been a privilege to work alongside dedicated colleagues and witness the growth and success of our organization. I am confident in the capable hands that will continue to lead us into the future, and I look forward to the continued prosperity of TriMas.”
Mr. Valenti has served as TriMas’ Chairman of the Board since 2002, bringing more than 50 years of business leadership, and financial and corporate development experience. In addition to his role at TriMas, he also serves as Chair and Chief Executive Officer of Valenti Capital, and had a distinguished career at Masco Corporation from 1968 through 2008, including as President of Masco Capital Corporation. During Mr. Valenti’s tenure at Masco, he was credited with the original formation of TriMas, which culminated in bringing businesses together from three separate companies followed by an initial public offering in 1989. In addition to his time at Masco, Mr. Valenti served as Chairman of the Investment Advisory Board of the $100 billion State of Michigan retirement system and spearheaded the State's initial investments in private equity and venture capital. Mr. Valenti served on the Harvard Business School Advisory Council and currently serves on the advisory council at the University of Notre Dame and the advisory board at the University of Michigan Business School Zell-Lurie Institute. He is also an independent lead director of American Axle & Manufacturing, a member of Business Leaders for Michigan and serves as chair of the Renaissance Venture Capital Fund. As an important member of the Detroit community, Mr. Valenti has also been the recipient of Crain’s M&A Lifetime Achievement Award, and a two-time recipient of Crain’s Newsmaker of the Year Award.
Valenti continued, “I am pleased the Board has selected Herbert as my successor as the Chair of our Board of Directors. Herbert brings a wealth of management and public company board experience to our Board and has been an insightful and collegial presence in our boardroom. I am incredibly optimistic about the future of TriMas and I know the Board, under Herbert’s leadership, will help guide the company to future success and sustainable growth.”
Mr. Parker has served on TriMas’ Board since 2015 and has been the Chair of the Audit Committee since 2020. Mr. Parker is the former Chief Financial Officer and Executive Vice President of Operational Excellence of Harman International. In addition to a career in finance and accounting, Mr. Parker has significant experience in restructuring, mergers and acquisitions, information technology and compliance, which he led at Harman prior to being acquired by Samsung Electronics. Before joining Harman, Mr. Parker was the Chief Financial Officer of ABB Group’s largest division, and later of ABB’s Americas region, in which he gained significant international experience.
“On behalf of our entire organization, I extend heartfelt appreciation to Sam for his decades of exemplary leadership, collaboration with our team and significant contributions to the community,” said Thomas A. Amato, TriMas President and Chief Executive Officer. “It has been a privilege to serve with Sam, and we commend his invaluable service to TriMas.”
Amato continued, “We look forward to Herbert’s leadership, as we continue to accelerate our progress against our strategic imperatives to grow and improve the performance of our Packaging and Aerospace groups. We believe the positive momentum in our two largest segments is encouraging, and our strong balance sheet and cash generation will consistently afford us opportunities to invest in organic growth, pursue bolt-on acquisitions and provide returns to our shareholders through share buybacks and dividends. Our management team is eager to continue to collaborate with Herbert and our Board to take TriMas to the next level of success.”
About TriMas
TriMas manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our approximately 3,400 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our TriMas family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the TriMas Business Model. TriMas is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit www.trimas.com.
Contact
Sherry Lauderback
VP, Investor Relations & Communications
(248) 631-5506
This email address is being protected from spambots. You need JavaScript enabled to view it.
