The ‘Summer of Spin’ rolls on and yesterday witnessed the completion of three more spin offs: Masco (MAS) separated its installations and services into TopBuild (BLD) TriMas (TRS) spun off its former Cequent units as Horizon Global (HZN) Babcock & Wilcox (BWC) changed its name to BWX Technologies (BWXT) and spun off its power generation unit as Babcock &… Read More »
TriMas(TRS) has had a long and winding road as a company. It originally began life as Campbell Industries, headed up by former Masco(MAS) executive Brian Campbell. Masco backed Campbell and sold many of its smaller manufacturing businesses to Campbell, resulting in a name change to TriMas. TriMas, owned largely by Masco, continued to acquire manufacturing assets until its… Read More »
Catching up on some news from the end of last year, TriMas Corporation (TRS) announced plans to spinoff its Cequent segments, which provide custom-engineered towing, trailer and cargo management products, into a standalone company. Post-spinoff, TriMas will be a more focused, diversified engineered products company. Love seeing the phrases ‘more focused’ and ‘diversified’ being used together like that, but… Read More »