TriMas (NASDAQ: TRS), a Bloomfield Hills, Michigan-based manufacturer of engineered and applied products has acquired Intertech Plastics, a provider of complex, precision injection molded components.
Financial details were not disclosed.
Intertech, which consists of two manufacturing facilities located in Denver, will become part of TriMas Packaging, effective immediately.
Intertech previously operated as a private, family-owned company and generated approximately $32 million in revenue in fiscal year 2021, according to TriMas.
“We are excited to announce the addition of Intertech to the TriMas family of businesses,” TriMas CEO and President Thomas Amato said. “We look forward to supporting Intertech’s management team and leveraging the TriMas Business Model to accelerate the growth of products used in medical and health-related applications. The addition of Intertech, combined with TriMas’ December 2021 acquisition of Omega and our existing presence in pharmaceutical & nutraceutical applications, expands our product offerings into the Life Sciences market, which we believe has attractive long-term growth characteristics.”
The deal marks TriMas’ sixth acquisition in the packaging market since early 2019 and its second with products, injection molding manufacturing capability and customer approvals in the medical technology end market.