The 2020 Mid-Year Economic Update_long

TriMas Acquires Parker Hannifin’s Aerospace Facility

Acquisition of Tolleson, AZ, facility expands company's aerospace business.

TriMas Corp. (NASDAQ: TRS), Bloomfield Hills, MI, a diversified global manufacturer of engineered and applied products, has acquired Parker Hannifin's Tolleson, AZ, facility.

The facility, which manufactures complex machined parts for the aerospace industry, is now part of the TriMas Aerospace group.

Martinic Engineering (a division of TriMas Aerospace) and the Tolleson facility will continue to provide machining and assembly of products, and prototyping, for the fluid systems division of Parker Hannifin under a long-term agreement. The current run-rate from this transaction is expected to add approximately $12-15 million in incremental annual revenue.

"This acquisition demonstrates our ongoing commitment to grow our aerospace business and significantly complements Martinic Engineering," said Tom Aepelbacher, president of TriMas Aerospace.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.