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July 28, 2014
10:01 EDTTRSTriMas acquires Lion Holdings Pvt for $27M in cash
TriMas Corporation announced that it has acquired Lion Holdings Pvt. Ltd. for $27M, paid in cash at closing. The transaction closed July 25 at which time Lion Holdings became part of the company's Packaging segment. Lion Holdings, headquartered in Greater Noida, India, specializes in the manufacture of highly engineered dispensing solutions. From its three locations in India and Vietnam, Lion Holdings generated approximately $10M in revenue for the 12 months ended June 30.
News For TRS From The Last 14 Days
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February 25, 2015
08:28 EDTTRSTriMas says taking actions to mitigate impact of uncertain environment
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08:05 EDTTRSTriMas sees FY15 EPS $2.10-$2.20, consensus $2.27
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08:04 EDTTRSTriMas reports Q4 EPS 37c ex-special items, consensus 37c
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07:56 EDTTRSTriMas appoints Parker to board, announces cooperation agreement with Engaged
TriMas Corporation announced that it has appointed Herbert K. Parker, former CFO and current executive VP, Operational Excellence at Harman International to its Board of Directors, effective immediately. With this addition, the TriMas Board will now consist of nine directors, eight of whom are independent. In connection with todayís announcement, TriMas announced that it has entered into a mutual cooperation agreement with Engaged Capital, LLC , a shareholder of the company. The agreement also provides that Engaged may appoint its principal, Glenn W. Welling, to the TriMas Board of Directors, at Engagedís request in 2016. Under the terms of its agreement with the Company, Engaged will, among other things, vote its shares in favor of the election of TriMasí slate of directors at the Companyís 2015 Annual Meeting. In addition, Engaged has agreed to customary standstill provisions.

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