TriMas Announces Acquisition of Taplast

Continued Investment in Packaging Platform

BLOOMFIELD HILLS, Mich.–(BUSINESS WIRE)–TriMas (NASDAQ: TRS) today announced that it has acquired Taplast
S.p.A., a privately-owned designer and manufacturer of dispensers,
closures and containers for the beauty and personal care, household and
food packaging end markets, serving customers predominantly in Europe
and the Americas. Taplast seeks to provide solutions to its customers by
leveraging its deep commitment to engineering and innovation, and
through its manufacturing facilities in Italy and Slovakia.

Founded 45 years ago by the Santagiuliana family, Taplast is recognized
today as a global innovator and trendsetter in the dispensing and
closure packaging space. Taplast has commercialized several
award-winning products targeted to provide commercial solutions and end
user benefits in aesthetics, feel, safety and e-commerce delivery, among
others. Taplast has full manufacturing and tooling capabilities
including injection molding for dispensers and closures, injection blow
molding for containers, and assembly.

“We are excited to welcome Taplast, its principal owner, Paolo
Santagiuliana, and its employees to TriMas and our family of
businesses,” said Thomas Amato, President and Chief Executive Officer of
TriMas. “Taplast has a strong brand name and comes with a wide range of
complementary packaging end market products, including dispensers,
foamers, single and multi-body caps, child resistant caps, jars, and
specialty coffee dispensing pods. The acquisition of Taplast, and the
recently announced acquisition of Plastic Srl, are examples of our
commitment to invest in and accelerate the growth of our packaging

Taplast has manufacturing operations in Povolaro, Italy, and Levice,
Slovakia, commercial locations in the United Kingdom, United States and
France, and additional commercial representatives in Asia and South
America. Taplast predominantly serves global, blue-chip customers in the
beauty and personal care, household, and food and coffee packaging end
markets. Taplast had revenue of approximately $32 million in 2018. The
transaction closed April 29, 2019, and Taplast will be a wholly-owned
division of TriMas’ Rieke business and will be reported in the Packaging

Taplast was co-owned by Paolo Santagiuliana, son of the founder Evans
Santagiuliana, and Alkemia Capital Partners of Milan, Italy. TriMas and
Taplast, which was represented by the investment banking firm Alantra
(Milan, Italy), worked exclusively to negotiate the terms of the
transaction. “We look forward to continuing to leverage the innovation
focus by the Taplast technical team to accelerate opportunities for
global growth for our packaging business,” said Amato.

About TriMas

TriMas is a diversified global manufacturer and provider of products for
customers in the consumer products, aerospace, industrial,
petrochemical, and oil and gas end markets with approximately 4,000
dedicated employees in 16 countries. We provide customers with a wide
range of innovative and quality product solutions through our
market-leading businesses, which we report in three segments: Packaging,
Aerospace and Specialty Products. The TriMas family of businesses has
strong brand names in the markets served, and operates under a common
set of values and strategic priorities under the TriMas Business Model.
TriMas is publicly traded on the NASDAQ under the ticker symbol “TRS,”
and is headquartered in Bloomfield Hills, Michigan. For more
information, please visit

Notice Regarding Forward-Looking Statements

Any “forward-looking” statements, within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934, contained herein, including those relating to the Company’s
business, financial condition or future results, involve risks and
uncertainties with respect to, including, but not limited to: general
economic and currency conditions; material and energy costs; risks and
uncertainties associated with intangible assets, including goodwill or
other intangible asset impairment charges; competitive factors; future
trends; the Company’s ability to realize its business strategies; the
Company’s ability to identify attractive acquisition candidates,
successfully integrate acquired operations or realize the intended
benefits of such acquisitions; information technology and other
cyber-related risks; the performance of subcontractors and suppliers;
supply constraints; market demand; intellectual property factors;
litigation; government and regulatory actions, including, but not
limited to, the impact of tariffs, quotas and surcharges; the Company’s
leverage; liabilities imposed by debt instruments; labor disputes;
changes to fiscal and tax policies; contingent liabilities relating to
acquisition activities; the disruption of operations from catastrophic
or extraordinary events, including natural disasters; the potential
impact of Brexit; tax considerations relating to the Cequent spin-off;
the Company’s future prospects; and other risks that are detailed in the
Company’s Annual Report on Form 10-K for the fiscal year ended December
31, 2018. These risks and uncertainties may cause actual results to
differ materially from those indicated by the forward-looking
statements. All forward-looking statements made herein are based on
information currently available, and the Company assumes no obligation
to update any forward-looking statements, except as required by law.


Christine Parker
Manager, Investor Relations & Communications

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