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Business/Financial

TriMas Expands Presence In Aerospace Market With Acquisition

Defense Daily Staff

Wednesday, January 30th, 2013

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TriMas Corp. yesterday said it has acquired Martinic Engineering for $19 million, providing it with new engineered products for the aerospace industry. Martinic, which is based in California, manufactures precision machined, complex parts for commercial and military aerospace applications, including auxiliary power units, electrical, hydraulic and pneumatic systems. “This acquisition complements our growth strategies for our Aerospace and Defense segment by providing additional original equipment and aftermarket opportunities,” Dave Wathen, president and CEO of Michigan-based TriMas, said in a statement.…

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