TriMas buys bolt maker Wulfrun for $9.6M

Industrial parts supplier TriMas buys bolt maker Wulfrun for $9.6 million to expand in Europe

Associated Press

BLOOMFIELD HILLS, Mich. (AP) -- Industrial parts maker TriMas Corp. said Wednesday that it has acquired Wulfrun, a maker of bolts, nuts and screws, for about $9.6 million to help grow its Lamons energy business in Europe.

Wulfrun Specialised Fasteners Ltd., which is based in the U.K., makes parts for the oil and gas, pipeline and power industries. It generated roughly $10 million in revenue in 2012.

TriMas' Lamons unit, which is headquartered in Houston, supplies gaskets, fasteners and bolts to the petroleum industry. TriMas, based in Bloomfield Hills, Mich., makes products for the packaging, energy, aerospace and defense and other industries.

Shares of TriMas increased 25 cents to $32.21 in afternoon trading. Its stock is at the high end of its 52-week trading range of $18.26 to $32.27.

Rates

View Comments (0)