Bloomfield Hills, Mich.-based TriMas Corp. will finish shuttering four subsidiary locations in three cities by early 2017 to find efficiency under ongoing financial and facility improvement initiatives, the company announced Wednesday.
That includes the plastics operations within its packaging unit, where the company will shift production from Mexico City into another recently opened location in San Miguel de Allende, Mexico.
TriMas' packaging group includes the Rieke brand name.
In addition, the company said it will shift production at a company in its aerospace division from Paris, Ark., to another in Ottawa, Kan.; will consolidate work from two locations in Tulsa, Okla., to a third in the same city in its engineered components division; and its energy business segment is looking at "options to improve performance" at a location in Wolverhampton, England.
The company did not have an estimate on exactly how many positions would be eliminated in the production moves, but the company told Crain's Detroit Business Sept. 28 that the moves "are not meaningful" in terms of figuring global employee headcount, which remains about 4,000. More information is expected on one-time consolidation costs and future cost savings, during a third-quarter earnings conference call in late October.
"A key tenet to the TriMas business model is optimizing our manufacturing footprint, ensuring we continuously adapt to changing markets, while remaining responsive to our customers," TriMas' President and CEO Thomas Amato said in a news release. "We believe these facility rationalization actions are another positive step toward streamlining our infrastructure and driving improved performance."