Report: Trimas to Spin Off Cequent Businesses

Engineered and applied products maker TriMas Corp. announced its board has approved a plan to pursue a tax-free spin-off of all of its Cequent businesses into a new stand-alone, publicly traded company as part of efforts to spur growth and enhance shareholder value. RTT News reported the transaction is expected to be completed by mid-2015. Cequent […]