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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
January 29, 2004
Date of Report (Date of earliest event reported)
TRIMAS CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 333-100351 38-2687639
(State or other jurisdiction of (Commission file number) (I.R.S. Employer
incorporation or organization) Identification No.)
39400 Woodward Ave., Ste. 130
Bloomfield Hills, MI 48304
(Address of principal executive offices)
(248) 631-5450
(Registrant's telephone number, including
area code)
Not Applicable
(Former name or former address, if changed since last report)
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Item 7. Exhibits.
(c) Exhibits. The following exhibit is filed herewith:
Exhibit No. Description
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99.1 News Release
Item 9. Regulation FD Disclosure.
On January 29, 2004, TriMas Corporation issued a news release, a copy of
which is filed as an exhibit to this Form 8-K, announcing that it acquired all
the outstanding capital stock of Theodore Bargman Co.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: January 29, 2004
TRIMAS CORPORATION
By: /s/ Benson K. Woo
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Name: Benson K. Woo
Title: Chief Financial Officer
EXHIBIT INDEX
Exhibit 99.1 News Release
Contacts:
Rich Donley Heidi Grissom
Bianchi Public Relations Cequent
248-269-1122 734-656-3108
rdonley@bianchipr.com
NEWS RELEASE
TriMas Corporation Acquires Theodore Bargman Company, Broadening Cequent's
Product Line with Recreational Vehicle Lighting and Accessories
BLOOMFIELD HILLS, Mich., January 29, 2004 -- TriMas Corporation today announced
it has acquired Theodore Bargman Company - a leading manufacturer of lighting
products, electrical accessories, access doors, locks and latches for the
recreational vehicle market. Financial terms were not disclosed.
Albion, Ind.-based Bargman was part of the Dana Towing Systems divestiture of
Tekonsha, a leading manufacturer and supplier of proportional brake controls
that was acquired by TriMas in January, 2003. Bargman will be immediately
earnings accretive to TriMas.
Bargman's estimated annual sales for the twelve months ended December 2003 were
$12.8 million. The company, which most recently was controlled by a private
equity firm, The Riverside Company, will be integrated into TriMas' Cequent
Transportation Accessories Group.
"We are very pleased to complete this acquisition," said Grant H. Beard,
president and chief executive officer of TriMas. "Bargman represents yet another
tremendous opportunity for TriMas to strengthen its presence in the
transportation accessories and cargo management space, and specifically bolster
Cequent's position in the RV market."
"Cequent's vision is to be a global leader in transportation accessories and
cargo management solutions, and this acquisition reflects our commitment to that
vision," said Scott Hazlett, president of Cequent. "Bargman brings lighting
product and strong brand recognition in the RV market, which is a wonderful
complement to the current Cequent family of brands, and a much broader value
proposition for our customers."
- More -
TriMas Corporation Acquires Bargman p. 2
Bargman was founded in Detroit in the 1930s by Theodore and Mina Bargman. The
company's products include electrical accessories, exterior lights, interior
lights, license plate lights and brackets, porch and utility lights, assist
bars, door locks and latches, and access doors for RV manufacturers and the RV
aftermarket.
Plymouth, Mich.-based Cequent, a TriMas company, is an operating group that is a
leading designer, manufacturer and marketer of a broad range of accessories for
light trucks, sport utility vehicles, recreational vehicles, passenger cars and
trailers of all types. Products include towing and hitch systems, trailer
components and accessories, and electrical, brake, cargo-carrying and rack
systems. The group consists of five operating units: Cequent Towing Products,
Cequent Trailer Products, Cequent Consumer Products, Cequent Electrical Products
and Cequent Australia.
Cequent draws upon a 75-year-old heritage of superior towing and trailer brands
- - Draw-Tite(R), Reese(R), Hidden Hitch(R), ROLA(R), Fulton(R), Wesbar(R), Bull
Dog(R), Tekonsha(R) and Highland, The Pro's Brand!(TM). Cequent employs
approximately 2,070 associates.
Headquartered in Bloomfield Hills, Mich., TriMas is a diversified growth company
of high-end, specialty niche businesses manufacturing a variety of products for
commercial, industrial and consumer markets worldwide. TriMas is organized into
four strategic business groups: Cequent Transportation Accessories, Rieke
Packaging Systems, Fastening Systems and Industrial Specialties. TriMas has
nearly 5,000 employees at 80 different facilities in 10 countries. For more
information, visit www.trimascorp.com.
This news release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Actual results may differ
materially from the anticipated results because of certain risks and
uncertainties, including but not limited to general economic conditions in the
markets in which TriMas operates, technological developments, TriMas dependence
on key individuals and relationships, labor costs and strikes at TriMas or
TriMas customer facilities, exposure to product liability and warranty claims,
increases in raw material and energy costs, compliance with environmental and
other regulations, competition, the substantial leverage of TriMas and its
subsidiaries, limitations imposed by the company's debt facilities and risks and
charges attendant to the integration of business acquired by TriMas and TriMas'
acquisition strategy.
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