Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
TriMas history
TriMas company history timeline
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.
Almost four years after his first acquisition, Campbell again fired up his buyout machine in 1990.
Sales increased about 50 percent to $328 million in 1990 as a result of new purchases.
Revenues continued to climb steadily to $388 million during 1992, from which a healthy $17 million in profit was gleaned.
By 1993, TriMas was a fast-growing, truly diversified international manufacturing company.
At least one major investment house predicted that TriMas's sales would increase a minimum of 20 percent in 1994 and would likely stay a similar course throughout the decade.
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.
In 2002, TriMas spun off from MascoTech, which at that point had been purchased by a private equity firm itself.
Annual sales were approximately $734 million in 2002.
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 2015, TriMas completed the spin-off of its Cequent towing-related business segment, with the intent to provide TriMas with greater flexibility to focus on its specific growth and margin improvement strategies within its core markets.
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.
Rate TriMas' efforts to communicate its history to employees.
TriMas jobs
Do you work at TriMas?
Does TriMas communicate its history to new hires?
TriMas history FAQs
Zippia gives an in-depth look into the details of TriMas, including salaries, political affiliations, employee data, and more, in order to inform job seekers about TriMas. The employee data is based on information from people who have self-reported their past or current employments at TriMas. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by TriMas. The data presented on this page does not represent the view of TriMas and its employees or that of Zippia.
TriMas may also be known as or be related to TRIMAS CORP, TriMas, TriMas Corp., TriMas Corporation and Trimas Corporation.