TriMas Acquiring Allfast Fastening Systems
FEATURES
TriMas Corp. agreed to acquire Allfast Fastening Systems, Inc. (Allfast) for approximately $360 million.
Allfast manufactures solid and blind rivets, blind bolts, temporary fasteners and installation tools for the aerospace industry, with content on substantially all commercial, defense and general aviation platforms in production and in service.
Headquartered in Southern California, Allfast will become part of TriMas’ Aerospace segment.
TriMas CEO David Wathen called Allfast “a well-run, high margin, strong cash flow business with a track record of revenue growth and even greater growth potential.”
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• For more on Allfast, read FIN’s 2013 article “Randall Credits Machinery & People for Allfast’s Aerospace Fastener Success” in Fastener History.
• The last six years of TriMas fastener results are also available to FIN subscribers in the FIN Stock Review section.
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