TriMas Corporation, a diversified manufacturer of engineered and applied products, acquired 70 percent of Arminak & Associates, LLC for $64 million, with $59 million paid in cash at closing. Arminak & Associates is a leader in the design, manufacture and supply of foamers, lotion pumps, fine mist sprayers and other packaging solutions for the cosmetic, personal care, beauty aids and household product markets. The Southern California company generated approximately $60 million in revenue for the 12 months ended December 31, 2011. The agreement provides TriMas an option to purchase, and Arminak an option to sell, Arminak’s remaining 30 percent interest in the company. The transaction closed on February 24, 2012, at which time Arminak became part of the Company’s Packaging segment, including Rieke Packaging Systems.

“We continue to identify and execute on acquisitions that are consistent with our targeted growth platforms of packaging, energy and aerospace. This acquisition complements our growth strategies for our Rieke business and provides opportunities for additional synergies,” said David Wathen, president and chief executive officer of TriMas Corporation.

“Arminak will enhance our highly-engineered product offering and provide access to large global customers in the cosmetic and personal care end markets,” said Lynn Brooks, president of Rieke Packaging Systems. “Arminak’s custom design capabilities and rapid speed to market are impressive. This business is a natural fit with our organization and we welcome Arminak’s employees to our Rieke family.”

Headquartered in Auburn, Indiana, Rieke Packaging Systems has built its worldwide reputation on setting the standards in the packaging industry since 1921. The company is a leading manufacturer and distributor of premium-quality packaging products for the global commercial, industrial and consumer sectors. Rieke has market leadership in steel and plastic closure caps, drum enclosures, ring and levers, and specialty closure and dispensing systems.