2/20/2013 1:43:00 AM
HEADLINES
ACQUISITION: TriMas Acquires Martinic Engineering
TriMas Corp. acquired Martinic Engineering Inc. for $19 million. The transaction closed on January 28, 2013, at which time Martinic Engineering became part of TriMas’ Aerospace and Defense segment.
Founded by Tonci Martinic in 1978, Stanton, CA-based Martinic Engineering manufactures highly-engineered, precision machined, complex parts for commercial and military aerospace applications, including auxiliary power units, as well as electrical, hydraulic and pneumatic systems. Martinic Engineering generated approximately $13 million in revenue for 2012.
Martinic will remain with the company as its general manager.
“This is the type of business we look for when adding to our portfolio – a business with products that are highly-engineered, and difficult to manufacture,” said TriMas CEO Dave Wathen.
“Martinic Engineering will enhance our customer base in the aerospace and defense industry,” added David Adler, president of Monogram Aerospace Fasteners. “This acquisition gives us the opportunity to offer a broader product portfolio and provides a platform for further growth with current and new customers.” ©2013 GlobalFastenerNews.com
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