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Stock Market & Financial Investment News

News Breaks
December 22, 2011
10:01 EDTTRS
theflyonthewall.com: TriMas announces sale of assets of Hi-Vol products, Precision Tool subsidiaries
TriMas announced that the company closed on a transaction to sell the assets of its Hi-Vol products and Precision Tool subsidiaries to ARCH Global Precision, a newly formed entity created by Strength Capital Partners. The sale price was $38.6M, plus additional contingent consideration up to $2.5M, based on achievement of certain levels of future financial performance. The purchase price remains subject to a net working capital adjustment, if any, to be finalized within 60 days. The transaction closed on December 22. :theflyonthewall.com



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