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2014 FIN – TriMas Completes $360m Allfast Acquisition

2014 FIN – TriMas Completes $360m Allfast Acquisition
March 15
00:00 2015

October 10, 2014 FIN – TriMas Corp. completed its acquisition of Allfast Fastening Systems, Inc. for approximately $360 million.

Allfast manufactures solid and blind rivets, blind bolts, temporary fasteners and installation tools for the aerospace industry, with content on substantially all commercial, defense and general aviation platforms.

Headquartered in Southern California, Allfast generated approximately $55 million in revenue for the 12 months ended August 2014.

Allfast becomes part of TriMas’ Aerospace segment, formerly known as the Aerospace & Defense segment. The segment includes Monogram Aerospace Fasteners, Mac Fasteners and Martinic Engineering.

“Adding Allfast to our aerospace platform increases our leadership and growth potential in this attractive industry segment,” stated Tom Aepelbacher, the new president of TriMas Aerospace.

When the deal was first announced in September, Allfast president Jim Randall said the transaction would “dramatically expand the product offering of both businesses… in a time of unprecedented growth in the aerospace market.”

Allfast has about 270 employees and operates a 170,000 sq ft plant, which has capacity to produce nine million rivets per day.

Allfast is located at 15200 Don Julian Rd., City of Industry, CA 91745. Tel: 626 -968-9388 Fax 626-968-9393 Web: allfastinc.com

In August TriMas appointed Tom Aepelbacher as president of its Aerospace segment.

TriMas is organized into six reportable segments: Packaging, Energy, Aerospace, Engineered Components, Cequent APEA and Cequent Americas, with 6,000 employees at more than 60 facilities in 19 countries. Web: trimascorp.com

 

For more, read FIN’s 2013 article “Randall Credits Machinery & People for Allfast’s Aerospace Fastener Success” in Fastener History.

The last six years of TriMas fastener results are also available to FIN subscribers in the FIN Stock Review section.

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