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TriMas Completes Acquisition of GMT Aerospace

1. TriMas acquires GMT Aerospace, enhancing its aerospace capabilities and offerings. 2. The acquisition strengthens TriMas's position in commercial and military aerospace markets.

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$23.7502/18 05:07 PM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition is likely to expand TRS's market reach and revenue potential, similar to past successful acquisitions in the aerospace sector.

How important is it?

The deal provides TRS with enhanced capabilities and potential for increased revenue, making it significant.

Why Long Term?

This strategic acquisition is expected to contribute to TRS's growth over several years, fostering innovation and product development.

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TRSGMTAERBA
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced that it has completed the previously announced acquisition of the aerospace business of GMT Gummi-Metall-Technik GmbH (“GMT”). Based in Germany, GMT's aerospace division (“GMT Aerospace”) develops and manufactures a wide range of tie-rods and rubber-metal anti-vibration systems for commercial and military aerospace applications. GMT Aerospace is now part of the TriMas Aerospace group. “We are pleased to announce the.

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