TriMas (NASDAQ: TRS), a Bloomfield Hills, Michigan-based manufacturer of engineered and applied products, has closed its acquisition of Omega Plastics.
Omega is a manufacturer of custom components and tooling for medical, as well as industrial applications.
TriMas says it will expand Omega’s production capacity, as required in order to benefit its customers’ longer-term needs, while also leveraging Omega’s advanced tool making capabilities to add to TriMas Packaging’s speed-to-market advantage on innovation and new product designs.
Omega is expected to generate approximately $18 million in revenue in fiscal year 2021.
“We welcome Omega to TriMas’ family of businesses and look forward to working with the Omega leadership team to unleash future growth opportunities,” said Thomas Amato, TriMas president and CEO. “I’d like to thank all the teams from Omega, TriMas and our respective advisors that supported the work to complete this transaction.”
TriMas earlier this month also announced it had acquired TFI Aerospace.