TriMas Corporation, a provider of engineered and applied products, has today announced the acquisition of Lion Holdings Pvt. Ltd.
The transaction closed July 25, 2014, at which time Lion Holdings became part of the company’s packaging segment.
“We are pleased to add Lion Holdings to our portfolio of packaging companies,” said Dave Wathen, president and CEO of Trimas Corporation.
Lion Holdings, headquartered in Greater Noida, India, specializes in the manufacture of highly engineered dispensing solutions.
From its three locations in India and Vietnam, Lion Holdings generated approximately US$10 million in revenue for the 12 months ended June 30, 2014.
“This acquisition clearly broadens our Asian market coverage and extends our geographic reach, while also providing significant customer and product synergies,” said Lynn Brooks, president of Rieke Packaging Systems.
