TriMas (NASDAQ: TRS), the Bloomfield Hills, Michigan-based manufacturer of engineered and applied products, on Tuesday announced it has completed its previously announced acquisition of Affaba & Ferrari, an Italian designer and manufacturer of precision caps and closures for food & beverage and industrial product applications.
“We are pleased to have closed on this strategic acquisition and look forward to Affaba & Ferrari’s contributions to our Rieke business and TriMas’ Packaging group,” said Thomas Amato, president and CEO of TriMas. “Affaba & Ferrari will expand our existing food & beverage and industrial product lines, adding new product applications for consumer packaged goods and blue-chip industrial customers, and a state-of-the-art manufacturing operation to our European base.”
Affaba & Ferrari is expected to report €32 million (US$38.9 million) in revenue for fiscal year 2020.
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