TriMas set to score Plastic Srl

US-headquartered TriMas is acquiring Italy-based Plastic Srl, a privately-owned manufacturer of polymeric caps and closures for home care product applications. The transaction is expected to close in early 2019.

Michigan-based Trimas is a diversified industrial manufacturer of products for customers in the consumer products, aerospace, industrial, petrochemical, refinery and oil and gas end-markets with approximately 4,000 employees in 13 countries

“We are excited to announce an agreement between TriMas and the Muccioli family to acquire Plastic Srl, which will enhance TriMas’ Packaging group’s single-bodied and assembled closure product offering,” said Thomas Amato, president and chief executive officer of TriMas. “Plastic Srl broadens our geographic presence, adds adjacent products and designs to our current product offering, and increases production capability through innovative manufacturing know-how.”

Plastic Srl manufactures single-bodied and assembled caps and closures, including child resistant closures, for home care product applications, such as detergent and household cleaning products. With more than 100 closure product designs, including several patented closure systems, Plastic Srl serves the home care market in Italy and other European countries. Upon closing of the deal, Plastic Srl will be a wholly-owned division of TriMas’s Rieke business.

(PRA)

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