TriMas Corporation (Nasdaq: TRS) announced that it has acquired Mac Fasteners, Inc. for $34 million, with additional contingent consideration of up to $6 million, payable based on attainment of future operating results. The purchase price is subject to a net working capital adjustment as of the closing date. The transaction closed on October 25, 2013, at which time Mac Fasteners became part of the Company’s Aerospace & Defense segment.
“Mac Fasteners will enhance our product offering and add content to our platform serving the growing aerospace industry,” said David Wathen, president and chief executive officer of TriMas Corporation. (…)
