BLOOMFIELD HILLS, Mich., Aug. 6 /-- TriMas Corporation (NYSE:TRS) -- a diversified growth company of high-end, specialty niche businesses -- today announced that it has acquired DEW Technologies, Inc., a specialty, high-precision manufacturer of spinal and trauma implant products serving the orthopedic device industry. Financial terms were not disclosed.
Grant H. Beard, President and Chief Executive Officer of TriMas Corporation, said: "The acquisition of DEW Technologies provides TriMas access to new markets and we believe there will be significant opportunities to grow in this attractive segment of the orthopedic market. DEW Technologies has an outstanding reputation for quality service and technical expertise, and we are excited about having such a well-respected company join the TriMas family."
Headquartered in Fairborn, Ohio, DEW Technologies, Inc. is a highly capable, full service implant manufacturer and is ISO 9001:2000 and 13485:2003 registered. The company will operate as part of the Industrial Specialties segment of TriMas Corporation.
Headquartered in Bloomfield Hills, Mich., TriMas Corporation (NYSE:TRS) is a diversified growth company of high-end, specialty niche businesses manufacturing a variety of products for commercial, industrial and consumer markets worldwide. TriMas Corporation is organized into five strategic business groups: Packaging Systems, Energy Products, Industrial Specialties, RV & Trailer Products, and Recreational Accessories. TriMas Corporation has nearly 5,000 employees at 80 different facilities in 10 countries. For additional information, please visit www.trimascorp.com/.
Source: TriMas Corporation
CONTACT: Eric Younan of Marx Layne & Co., +1-248-855-6777, for TriMas Corporation
Web site: http://www.trimascorp.com/