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TriMas Closes on Acquisition of Components and Tooling Manufacturer Omega Plastics.

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Vincent

MANews-(C)2009-2021

US-based manufacturer TriMas (NASDAQ: TRS) has closed the acquisition of custom components and tooling manufacturer Omega Plastics, serving medical, as well as industrial applications, adding to TriMas' Packaging group, the company said.

Omega leverages its core injection molding capabilities, ISO Class 8 clean room and advanced in-house tool making capabilities, to provide its customers a faster product development cycle, from prototype development, testing and validation, to short and medium run production and assembly.

Omega's medical components are currently used in drug delivery, including consumable intravenous applications, as well as diagnostic testing and orthopedic applications.

As of September 30, 2021, TriMas' Packaging group's last twelve months sales were approximately USD 534m, representing approximately 64% of TriMas' total sales.

TriMas plans to expand Omega's production capacity, as required in order to benefit its customers' longer-term needs, while also...

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