TriMas closes acquisition
BLOOMFIELD HILLS—Officials at TriMas Corp. (NASDAQ: TRS) announced the completion of its previously announced acquisition of Affaba & Ferrari, an Italian designer and manufacturer of closures for food and beverage …
TriMas sales hit record, takes asset charge, makes acquisition
BLOOMFIELD HILLS—The effect of the coronavirus pandemic whacked earnings at the Bloomfield Hills-based diversified manufacturer TriMas Corp. (NASDAQ: TRS). Company officials announced a loss of $100.9 million or $2.32 a …
Robofest celebrates world champions in online award ceremony
SOUTHFIELD—Teams from Ghana, Hong Kong, India, Mexico, South Africa, and Taiwan, along with Michigan, Illinois, and Kansas in the United States, have been crowned winners of Lawrence Technological University’s Robofest …
Penske Automotive reinstates dividend
BLOOMFIELD HILLS—The board of directors of Penske Automotive Group Inc. (NYSE:PAG) has voted to reinstate the company’s dividend. The dividend of 42 cents a share will be paid Dec. 1 …
TriMas slides to loss despite higher sales
BLOOMFIELD HILLS—TriMas Corp. (Nasdaq: TRS) posted a loss of $15.7 million or 36 cents a share in the second quarter ended June 30, compared to net income of $18.7 million …
TriMas Aerospace expands European operations
BLOOMFIELD HILLS—The diversified manufacturer TriMas Corp. (Nasdaq: TRS) announced that TriMas Aerospace has formed a strategic partnership with the Swiss transport and logistics firm Kuehne+Nagel to establish a European logistics …
TriMas profit slumps despite sales increase
BLOOMFIELD HILLS—TriMas Corp. (NASDAQ: TRS), the Bloomfield Hills diversified manufacturer, reported net income of $13.1 million or 30 cents a share in the first quarter of 2020, down from $19.1 …
Michigan company develops coronavirus tracking app
BLOOMFIELD HILLS—A new tracking app developed by a subsidiary of Bloomfield Hills-based V2Soft, a software, staffing, service, and outsourcing company, announced a new app that keeps records of the contacts …
TriMas sales, net income rise
BLOOMFIELD HILLS—TriMas Corp. (NASDAQ: TRS), the Bloomfield Hills-based manufacturer, announced higher revenue and net income for the quarter and year ended Dec. 31. For the quarter, net income was $38.4 …
TriMas wins fastener deals from Airbus
BLOOMFIELD HILLS—TriMas Corp. (NASDAQ: TRS), the Bloomfield Hills diversified manufacturer, announced that its TriMas Aerospace unit has won multi-year contracts with Airbus of Toulouse, France. TriMas Aerospace’s Monogram Aerospace Fasteners …