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TriMas Corporation

Company Profile Analysis

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TriMas Corporation - Automotive showcase

Year Founded & Workforce

1989

3,500 Employees

Industry

AutomotiveB2BB2C

Services

Tow Bars
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TriMas Corporation Employee Contacts

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TriMas Corporation Overview

Company Headquarters: US

Founded: 1989

Workforce: ~3,500

Company Working: TriMas Corporation (TriMas) manufactures and develops products for aerospace, consumer goods, and industrial markets globally. The company offers a wide range of products, which include dispensers, jar products, sprayers, fasteners, cylinders, and other products. It operates through three segments, namely, packaging, aerospace, and specialty products. The company offers a wide range of tow bars for all types of automotive through its subsidiary, Parkside Towbars.

TriMas has 80 different facilities in more than ten countries across the Americas, Europe, and Asia-Pacific. TriMas Company LLC, Parkside Towbars, Rieke Corp, Norris Cylinder, and Arrow Engine Company are a few of its subsidiaries.

Strategy

TriMas is focused on improving its product quality. Additionally, the company plans on developing new products, expansion, and acquisitions to maintain its position in the global market. It invests in R&D to enhance the performance of its products. The company also aims to sign agreements and collaborate with other leading companies to become a prominent player in the global market.

Company Snapshot

$635.03M

Revenue

3,500

Employees

1989

Founded

US

Headquarters

SWOT Analysis

Strengths

  • Strong brand recognition
  • Wide product portfolio
  • Reliable distribution channel network

Weaknesses

  • Limited presence outside the US

Opportunities

  • Advancements in production technologies
  • Scope for market development outside the US

Threats

  • Fluctuations in exchange rates
  • Growing global competition

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Product Offering

  • TriMas Corporation
    • Tow Bars

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Net Sales rose from USD 635 Mn in 2016 to USD 723.5 Mn in 2019.
TriMas Corporation — By Business Segment
Series (USD Mn)2016201720182019
Net Sales635656.2705723.5

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