TriMas adds to its packaging systems unit with Arminak acquisition

Dustin Walsh
CRAIN'S DETROIT BUSINESS

Published: March 17, 2014 3:18 pm ET
Updated: March 17, 2014 3:21 pm ET

Related to this story

Topics Packaging, Mergers & Acquisitions

Bloomfield Hills, Mich.-based manufacturer TriMas Corp. acquired the remaining interest in Arminak & Associates LLC, a manufacturer of cosmetic and household product sprayers and pumps.

TriMas acquired the remaining 30 percent stake for cash and an earn-out clause on March 11. Financial terms of the deal were not disclosed.

The deal completes ownership for TriMas, which acquired the initial 70 percent stake in the Azusa, Calif.-based company for $64 million with an option to buy the remaining stake in February 2012.

Arminak, which supplies foamers, lotion pumps, mist sprayers and other packaging solutions to cosmetic, personal care and household product industries, generated approximately $60 million in revenue in 2011.

Founder and Lebanese civil war refugee Helga Arminak will remain as president of the company.

Arminak is now part of TriMas’ Reike packaging systems business unit based in Auburn, Ind.

TriMas’ packaging unit is its second largest, in revenue, generating $313.2 million of its $1.4 billion total revenue in 2013.


Comments

TriMas adds to its packaging systems unit with Arminak acquisition

Dustin Walsh
CRAIN'S DETROIT BUSINESS

Published: March 17, 2014 3:18 pm ET
Updated: March 17, 2014 3:21 pm ET

Post Your Comments


Back to story


More stories

Image

Sealed Air's move to Charlotte will put it all under 'One Roof'

July 25, 2014 2:03 pm ET

Sealed Air Corp. shook the ground last week by announcing plans to relocate its headquarters from Elmwood Park, N.J., to Charlotte, N.C., in a move...    More

Image

Metals and plastics company NN to buy Autocam in $300 million deal

July 25, 2014 10:07 am ET

A Tennessee metals and plastics company said it has agreed to acquire auto parts supplier Autocam Corp. in a deal valued at $300 million.    More

Image

Bemis' product strategy paying off with record earnings per share

July 24, 2014 2:56 pm ET

Bemis Co. Inc. is feeling good about itself these days as the flexible packaging and pressure sensitive materials firm is posting record earnings per ...    More

Meredian merging with Danimer Scientific

July 24, 2014 1:59 pm ET

Bioplastics maker Meredian Inc. is merging with its sister firm, Danimer Scientific LLC.    More

Image

Injection molder, recycler Polyvulc USA puts itself up for sale

July 24, 2014 12:41 pm ET

Fred Farrell and Larry Lambiotte, founders of Polyvulc USA Inc. and its subsidiaries Polyvulc Tire Recycling Llc and Winnsboro Rubber Recycling LLC, a...    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events