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Trimas Announces Agreement To Acquire Rapak

The flexible packaging company has agreed to sell some dairy products, post-mix, smoothie and canned wine bag to acquire DS Smith. TriMas has agreed to acquire Liqui-Box`s Rapak brand (Credit: Adam Radosavljevic of Pixabay). TriMas` strong balance sheet and large cash flow balance sheets provide both abundant capacity and flexibility in financing capital allocation priorities. In January last year, TriMas acquired Plastic Srl, a private manufacturer of polymer caps and home care cap caps. The acquisition will increase the company`s geographical presence and capacity in Europe. New products will also be added and production capacity will be strengthened. TriMas is a global manufacturer and supplier of products for customers, primarily in the terminal, consumer goods, aerospace and industry markets, with approximately 3,400 employees engaged in 11 countries. We offer our customers a wide range of innovative and high quality product solutions from our market-leading companies. Our TriMas family of companies has powerful brand names in the end markets served and operates under a common set of values and strategic priorities as part of the TriMas business model. TriMas is marketed on the NASDAQ under the ticker symbol “TRS” and is headquartered in Bloomfield Hills, Michigan. For more information, see www.trimascorp.com.

TriMas in Bloomfield Hills has signed an agreement to acquire the Rapak brand, a liquid packaging solutions company based in Illinois, including certain product lines for liquid packaging and Liqui-Box assets following Rapak`s acquisition of the plastics division of DS Smith Plc. UFP takes over palletOne for $232 million, TriMas will also acquire the Autokap and Stericap brands and product lines and need the know-how to manufacture IntaSept bottling products. Sherry LauderbackVP, Investor Relations – Communications (248) 631-5506sherrylauderback@trimascorp.com TriMas (NASDAQ: TRS) announced today that it has signed an agreement to acquire the RapakĀ® brand, including certain bag-in-box product lines and Liqui-Box assets following the completion of the acquisition of DS Smith Plc`s Plastics division. As a regulatory condition, Liqui-Box is required to divest certain DS Smith product lines that overlap with Liqui-Box`s current product lines. In return, TriMas has agreed to acquire the Rapak brand for global use as well as bag-in-box product lines for dairy, soda, smoothie and wine products. All “forward-looking” statements contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those contained in this context, including those relating to TriMas` business activity, financial condition or future results, involve risks and uncertainties, including general and monetary economic conditions; Materials and energy costs risks and uncertainties associated with intangible assets, including goodwill or any other intangible beef; Competitiveness factors Future trends The company`s ability to carry out its business strategies The company`s ability to identify attractive candidates for acquisition, successfully integrate acquired businesses or realize the expected benefits of such acquisitions; Information technology and other cyber risks; Services provided by subcontractors and suppliers Supply shortages Market demand Intellectual property factors Litigation State and regulatory measures, including, but not limited, to the effects of tariffs, quotas and increases; The company`s leverage Commitments that are imposed by debt securities; Labour disputes changes in tax and tax policies; potential liabilities related to acquisition activities; interruption of operations by catastrophic or exceptional events, including natural disasters; The potential effects of Brexit; tax considerations related to Cequent`s secession; The company`s future prospects and other risks contained in the company`s management report on the