TriMas Packaging Continues to Invest in Sustainable Growth
July 13 2021 - 8:00AM
Business Wire
Rieke Expands U.S. Manufacturing
Operations
TriMas (NASDAQ: TRS) today announced that Rieke®, part of its
TriMas Packaging group, is expanding its North American
manufacturing presence by launching a new 230,000 square foot
facility in New Albany, Ohio. The new facility is currently under
construction, with production expected to commence in the second
quarter of 2022.
The new, highly automated plant will be located near Rieke’s
current New Albany manufacturing facility, which will ultimately be
relocated into the larger facility upon completion. Rieke will
leverage the launch of this new facility by installing some of the
most advanced injection molding and assembly capabilities
available, with a focus on its commitment to sustainability. For
example, the new facility will utilize efficient molding machines
and enhanced workflow approaches, which are, in turn, expected to
reduce overall energy consumption per unit produced. The facility
is targeted to produce foaming and traditional dispensers, as well
as some of TriMas Packaging’s latest innovative products, to
support customers predominantly in the beauty and personal care end
market.
“On the heels of record growth in TriMas’ Packaging segment in
2020, we are pleased to continue to support our customers by
investing in our packaging manufacturing operations in North
America,” said Thomas Amato, TriMas President and Chief Executive
Officer. “The expansion of our capabilities, in what is commonly
referred to as the Beauty Park area of Ohio, will support the
future growth of our business with advanced manufacturing
technology and operational excellence, while locating close to many
of our customers to ensure continued excellent lead times and
collaborative product development. We are pleased to build upon our
strong workforce in New Albany and are thankful for all of our
customers which use our products and have enabled us to execute on
this opportunity.”
The innovative New Albany facility will enable TriMas Packaging
to localize the production of a variety of products currently
produced outside of the United States, while providing incremental
capacity for new business growth. The shorter supply chain, also
contributing to sustainability efforts, is expected to improve
customer lead times, while improved operational flow and Lean
business processes will reinforce Rieke’s commitment to quality and
provide an employee-friendly work environment.
TriMas Packaging, comprised of approximately 2,000 employees
with 20 global locations, consists primarily of the Rieke®,
Taplast™, Affaba & Ferrari™ and Rapak® brands with dispensing,
closure and bag-in-box products for applications in the beauty and
personal care, food and beverage, pharmaceutical and nutraceutical,
industrial and home care end markets.
About TriMas
TriMas is a global
manufacturer and provider of products for customers primarily in
the consumer products, aerospace and industrial markets, with
approximately 3,200 dedicated employees in 11 countries. We provide
customers with a wide range of innovative and quality product
solutions through our market-leading businesses. Our TriMas family
of businesses has strong brand names in the markets served, and
operates under a common set of values and strategic priorities
under the TriMas Business Model. TriMas is publicly traded on the
NASDAQ under the ticker symbol “TRS,” and is headquartered in
Bloomfield Hills, Michigan. For more information, please visit
www.trimascorp.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210713005272/en/
Sherry Lauderback
VP, Investor Relations &
Communications (248)
631-5506 sherrylauderback@trimascorp.com
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