TRS - TriMas acquires Aarts Packaging

• TriMas ( NASDAQ: TRS ) has acquired Aarts Packaging, a well-established, innovative luxury packaging solutions provider for prestigious beauty and lifestyle brands, as well as for customers in the food and life sciences end markets.
• Effective immediately, Aarts Packaging will become part of TriMas.
• Aarts Packaging generated ~€23M in revenue in fiscal year 2022.
• “This acquisition will broaden TriMas Packaging’s presence in beauty applications, adding a variety of cosmetic dispenser closures and beauty packaging design solutions. Aarts Packaging also provides products for food packaging and medical applications, expanding our existing presence in those core end markets. We expect Aarts Packaging’s customers to benefit from TriMas Packaging’s broad product offering, expanded design resources, global manufacturing footprint and continued investment in Aarts Packaging’s production capabilities.” said Thomas Amato, President and CEO.

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