TriMas Corporation (TRS) News
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TRS News Highlights
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Latest TRS News From Around the Web
Below are the latest news stories about TRIMAS CORP that investors may wish to consider to help them evaluate TRS as an investment opportunity.
TriMas Urged to Explore Sale in Whole or Piece Following CEO Departure This WeekTriMas (TRS) is again being urged by an activist investor to explore its strategic alternatives, thi |
Activist Barington urges manufacturer TriMas to consider sale of companyActivist investor Barington Capital Group wants TriMas to launch a strategic review of options, including the possible sale of the entire company, arguing in a letter that hiring a financial adviser is a higher priority than finding a new CEO. The New York-based hedge fund, which owns roughly 1.5% of the Bloomfield Hills, Michigan-headquartered manufacturer of industrial, aerospace, and consumer products, is dialing up the pressure days after TriMas said CEO Thomas Amato will step down. "Now is the optimal time for the Board to explore strategic alternatives for the Company and (we) do not believe that hiring a new CEO, who will embark on another 5 to 10 year strategic plan, is in the best interests of shareholders," Barington founder James Mitarotonda told TriMas Chairman Herbert Par... |
BARINGTON CAPITAL GROUP CALLS ON THE BOARD OF DIRECTORS OF TRIMAS CORPORATION TO RETAIN A FINANCIAL ADVISOR TO PURSUE STRATEGIC ALTERNATIVES FOR THE COMPANYBarington Capital Group, L.P., which together with its affiliates collectively owns approximately 1.5% of TriMas Corporation (NasdaqGS: TRS), announced today that it has sent a letter to Herbert K. Parker, the Chairman of the Board of Directors of TriMas, urging the Board to immediately retain a financial advisor to pursue strategic alternatives for the Company. |
TriMas Announces Leadership Transition PlanBLOOMFIELD HILLS, Mich., January 06, 2025--TriMas (NASDAQ: TRS) today announced that the Board of Directors and Thomas Amato have agreed that Mr. Amato will transition from the role of President and Chief Executive Officer. The Board has initiated a comprehensive search process with the assistance of Spencer Stuart, a nationally-recognized executive search firm, to identify a successor. To ensure a smooth leadership transition, Mr. Amato will remain with the Company through June 30, 2025, and wi |
Should Weakness in TriMas Corporation's (NASDAQ:TRS) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?It is hard to get excited after looking at TriMas' (NASDAQ:TRS) recent performance, when its stock has declined 6.9... |
TriMas (NASDAQ:TRS) investors are sitting on a loss of 20% if they invested three years agoIn order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market... |
TriMas Enhances Operational Efficiency With Facility Launch in ChinaTRS inaugurates a 225,000-square-foot facility in Haining for TriMas Packaging to offer customers high-quality packaging solutions. |
TriMas Packaging opens advanced facility in HainingThe initiative aims to enhance service for TriMas customers throughout China and the wider region. |
TriMas establishes an advanced packaging facility in ChinaThe 20903 sqm facility combines two former plants in Hangzhou and Haining into a single, state-of-the-art facility. |
TriMas Packaging Unveils New State-of-the-Art Facility in Haining, ChinaBLOOMFIELD HILLS, Mich., November 25, 2024--TriMas (NASDAQ: TRS) today announced the launch of its new, state-of-the-art, 225,000 square foot facility for its TriMas Packaging group in Haining, China. This milestone follows last year’s decision to rationalize two manufacturing facilities into one new facility. TriMas exited both its Hangzhou, China, and older Haining, China facilities, consolidating them into a single, new facility in Haining with advanced capabilities to better serve customers |