TriMas acquires Mac Fasteners

It was recently announced that TriMas Corporation, a global manufacturer of engineered and applied products, has acquired the company Mac Fasteners for approximately $34 million. There is an additional contingent consideration of up to $6 million, payable based on future operating results.
Mac fasteners is a leading manufacturer in the distribution of stainless steel aerospace fasteners, which are globally utilized by OEMs, aftermarket repair companies, and commercial and military aircraft producers. It has been acquired as part of TriMas’ Aerospace & Defense segment.
David Wathen, President and Chief Executive Officer of TriMas Corporation, stated that, “Mac Fasteners will enhance our product offering and add content to our platform serving the growing aerospace industry.” He continued, “This acquisition complements our growth strategies for our Aerospace-focused businesses by providing additional content, and broadens our distribution channels and customer base, while providing a more flexible manufacturing footprint.”
David Adler, President of TriMas’ Aerospace and Defense segment, has also said of the acquisition, “Mac Fasteners broadens our product offering and provides additional access to large global customers in the aerospace OE and aftermarket. This combination will enable us to better serve the needs of both companies’ customers by providing a superior product portfolio and provide additional manufacturing capability and flexibility.”
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