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TriMas Corp to spin off truck and trailer accessories unit
December 8, 2014 / 2:07 PM / in 3 years

TriMas Corp to spin off truck and trailer accessories unit

Dec 8 (Reuters) - TriMas Corp said it will spin off its truck and trailer accessories unit Cequent into a stand alone company.

Cequent, which makes towing products such as brake controllers, trailer hitches and tow bars, had about $614 million in revenue in the 12 months to Sept. 30.

TriMas said it expected to complete the tax-free transaction during the middle of next year.

Reporting by Abinaya Vijayaraghavan in Bengaluru; Editing by Siddharth Cavale

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