Rieke history

In the 1950’s, Rieke continued to innovate for drum and pail applications, including the development of the Flexspout® product line, and even completed its first acquisition, a small company called Multi-Meter Corporation, which was a manufacturer of faucets, pumps, and drum accessories.

In 1971, Rieke de Mexico was formed in a new facility dedicated to serving Central and South American countries.

In 1978, Masco Corporation, a publicly-traded large manufacturer of home improvement and diversified industrial products, founded by Alex Manoogian acquired Rieke.

Formed in 1986, the TriMas Corporation was facilitated by the Masco Corporation and MascoTech (which later became Metaldyne) and was started off through the acquisition of three speciality fasteners and several industrial companies.

When TriMas first went public in 1989, listed on the NYSE as “TRS,” Masco utilized this event to sell most of its TriMas holdings, making MascoTech its largest single shareholder.

In 1996, Rieke acquired two businesses, Englass Ltd. and Stolz GmbH. Stolz GmbH allowed Rieke to offer industrial closure systems for the under 55-gallon drum market and to further penetrate Europe, while Englass Ltd. focused on high value dispensing systems.

In 1997, TriMas’ largest shareholder, MascoTech, initiated a tender offer to acquire all outstanding shares of TriMas, making TriMas a wholly-owned subsidiary of MascoTech.

Rieke acquired Gruppo Tov (Italy) in 1998, which manufactured products similar to Rieke’s VISEGRIP® that is used for dry and liquid product containment.

In 2002, TriMas spun off from MascoTech, which at that point had been purchased by a private equity firm itself.

In 2007, TriMas issued shares to the public market again to raise capital for future growth initiatives, trading under the ticker symbol “TRS” on the NYSE (today, the company is traded on the NASDAQ). Annual sales exceeded $1 billion during this time.

In 2009, Rieke acquired Continental AFA, adding to its dispensing product lines.

In 2011, Rieke acquired Innovative Molding, a producer of rigid caps for food, pharmaceutical and nutraceutical end markets.

In 2012, Rieke acquired Arminak & Associates, a producer of cosmetic, personal care and household dispensers and closures.

In 2014, Rieke acquired Lion Holdings, manufacturer of highly engineered dispensing solutions headquartered in India.

Post spin, TriMas’ proforma revenue for 2015 was $864 million.

During 2016, TriMas launched its new TriMas Business Model, focused on the following core competencies: commitment to environmental, health and safety, standardized goal setting and measurement, operational excellence and talent development.

In 2017, Rieke launched a new state-of-the-art facility in San Miguel de Allende, Mexico, moving production from a smaller facility in Mexico City.

In 2018, Rieke, by partnering with Amazon, developed its first e-commerce sprayer pump, which ultimately led to a launching a new line of e-commerce dispensers.

In 2019, Rieke acquired Plastic Srl, a manufacturer of single and multi-body caps and closures which allowed Rieke to enter the Home Care end market.