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January 15, 2013
10:01 EDTTRSTriMas unit acquires Gasket Vedacoes Tecnicas
Lamons, a TriMas Corporation business, continues to expand its global footprint and product portfolio in the rapidly growing energy market of Brazil. Lamons acquired Gasket Vedações Técnicas Ltda on January 14. Located in Rio de Janeiro, Gasket Vedações Técnicas Ltda is a recognized manufacturer and supplier of American Petroleum Institute 6A approved ring-type joints for the onshore and offshore drilling markets, as well as distributor of additional gasket types for the refining and petrochemical markets.
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October 20, 2014
10:01 EDTTRSTriMas completes Allfast acquisition
TriMas announced that it has completed its acquisition of Allfast Fastening Systems for approximately $360M. The transaction closed on October 17, at which time Allfast became part of the company’s aerospace segment. The company previously announced the agreement to acquire Allfast on September 22. The acquisition was funded through an underwritten incremental $275M Senior Secured Term Loan A and additional borrowings under the company’s existing $575M Revolving Credit Facility. The incremental Term Loan A initially bears interest at LIBOR plus 1.875%, and may vary, consistent with the remainder of the Credit Facility, based on the company’s leverage ratio. The Term Loan A amortizes quarterly and matures on October 16, 2018.
October 16, 2014
10:01 EDTTRSOn The Fly: Analyst Initiation Summary
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07:28 EDTTRSTriMas initiated with a Market Perform at William Blair
Target $26.

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