TriMas Corp. has agreed to sell its Aerospace segment for $1.45 billion in cash to Tinicum L.P. Funds managed by Blackstone, Inc. will be a minority investor in the deal. After the divestiture, TriMas will focus on a high-margin packaging platform to drive long-term growth and value. The company plans to reinvest for profitable growth, including targeted acquisitions, and has established a Strategic Investment Committee for this purpose. The closing of the transaction is expected by the end of the first quarter of 2026, pending regulatory approvals.

Read more at Nasdaq: TriMas To Sell TriMas Aerospace To Tinicum For $1.45 Bln Cash