TriMas Corp., Cequent Look to ‘Divide and Grow’

Bloomfield Hills, Mich.-based TriMas Corp. announced last week that it was spinning off Cequent Group, which makes a broad range of towbar and trailer accessories and accounts for about $614 billion of the company’s $1.47 billion in revenue over the last 12 months. Bloomberg reported that despite the large revenue loss, TriMas is expected to […]