TriMas Corp. reported sales in its Aerospace segment, which includes the Monogram Aerospace Fasteners, Allfast Fastening Systems and Mac Fasteners brands, increased 6.6% to $41.1 million due to steady demand. Q4 operating profit rose 19.5% to $7.4 million, primarily due to higher sales and improved production efficiencies.

Full-year Aerospace segment sales climbed 5.4% to $164.8 million, while improved 14% to $28.4 million.

Overall TriMas sales gained 2.6% to $723.5 million in 2019, driven by acquisitions in the Packaging segment and “solid growth” in the Aerospace segment.  Net profit rose 18.4% to $98.6 million.  Capital expenditures increased 27% to $29.7 million.

In January, TriMas agreed to acquire air management systems supplier RSA Engineered Products.  In connection with reposition its Martinic Engineering business into the Aerospace segment in 2020.

In December, TriMas sold its fastener and sealing Lamons business for $135 million, reducing the company’s exposure to the oil and gas market from nearly 25% to less than 5% of sales. Web: TriMasCorp.com