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 Mergers & Acquisitions, Packaging

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

Report: Brands are falling short on packaging sustainability

January 29, 2015 5:19 pm ET

Packaging in general, and plastic packaging in particular, has a long way to go in terms of recycling, according to a pair of environmental groups.    More

Image

Lund adds to aftermarket auto products portfolio with buy of Bushwacker

January 29, 2015 2:49 pm ET

Lund International Inc. has expanded its portfolio of plastic aftermarket vehicle accessories by acquiring Bushwacker Inc.    More

Image

Profit dips at Bemis Co. Inc.

January 29, 2015 2:04 pm ET

Profit dipped for Bemis Co. Inc. for all of 2014, but were up during the fourth quarter in what the company's leader called a “pivotal year....    More

Image

Chemtrusion, Mytex Indiana compounding plant set for expansion

January 29, 2015 1:35 pm ET

Japanese and American partners in a compounding plant in Indiana plan to expand the facility.    More

Image

Plastics News Now: Losing weight with style, plastics in the Dragons' Den

January 29, 2015 6:00 am ET

A 19-year-old entrepreneur brings business to a U.K. injection molder after winning support on TV's Dragons' Den, auto suppliers combine h...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events