TriMas Announces Acquisition to Expand Energy Global Footprint and Product Portfolio in Southeast As
TriMas Announces Acquisition to Expand Energy Global Footprint and Product Portfolio in Southeast Asia
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)-- TriMas Corporation (NAS: TRS) - a diversified global manufacturer of engineered and applied products - announced today that Lamons, its energy business, acquired the operating assets and ongoing business of Tat Lee (Thailand) Ltd. on April 29, 2013. Located in the Rayong region of Thailand, Tat Lee (Thailand) Ltd. is a manufacturer and distributor of standard and specialty gaskets, providing superior technology for refineries, petrochemical and power energy plants, and the manufacturing industry.
"This acquisition enhances our capabilities throughout Southeast Asia," said Kurt Allen, president of Lamons. "Lamons will now have an established branch in close proximity to two large global customers, allowing us to increase our service to them."
Over the past several years, Lamons has opened sales and service branches around the world to better serve its global customers. Lamons further expanded its global footprint and product portfolio with the acquisition of Wulfrun Specialised Fasteners Limited in the United Kingdom in March 2013 and Brazil-based businesses Gasket Vedações Técnicas Ltda in January 2013 and CIFAL Industrial e Comercial Ltda in July 2012.
Lamons also recently established a new service branch in Vancouver, Canada to even better serve its global customers. The business is now approaching 30 global locations strategically located around the world to ensure immediate delivery.
Lamons designs, manufactures and distributes industrial sealing products and fasteners for the petroleum refining, petrochemical, oil field and other industrial markets. These highly-engineered products are designed, manufactured and stocked in close proximity to their refining and petrochemical customers to ensure quick delivery and exceptional service.
Headquartered in Bloomfield Hills, Michigan, TriMas Corporation (NAS: TRS) provides engineered and applied products for growing markets worldwide.TriMas is organized into six reportable segments: Packaging, Energy, Aerospace & Defense, Engineered Components, Cequent Asia Pacific and Cequent Americas. TriMas has approximately 5,500 employees at more than 60 facilities in 17 countries. For more information, visit www.trimascorp.com.
Headquartered in Houston, Texas, Lamons is one of the largest gasket, fastener and specialty bolt suppliers in the world, committed to premium quality products and local service. It has major manufacturing, sales and service facilities located throughout the world. Lamons has maintained its market leadership with the widest selection of gasket and bolt materials ready for immediate delivery with leading technology and state-of-the-art manufacturing facilities that produce engineered products to custom specifications serving the petroleum refining, petrochemical, power generation, and pulp and paper industries. For additional information, visit www.lamons.com or call (713) 222-0284.
KEYWORDS: United States Asia Pacific North America Michigan Thailand
The article TriMas Announces Acquisition to Expand Energy Global Footprint and Product Portfolio in Southeast Asia originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.