TriMas plan to offer stock cites improvements and acquisitions.(News)
Byline: Michael Strong
The owners of TriMas Corp. plan to take the towing-hitch and industrial-products company public in the next 12-18 months.
President and CEO Grant Beard said operating improvements and acquisitions have shortened the time frame for an initial public offering of shares.
"That's what we're focused on right now, assuming the market is right. But we're running the company in a way to make sure we can do that,'' he said.
TriMas spun off from Metaldyne Corp. in June 2002 intending to grow to $2 billion in annual revenue
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