Believes Now is the Optimal Time Given the
Contemplated CEO Transition
NEW
YORK, Jan. 10, 2025 /PRNewswire/ -- Barington
Capital Group, L.P., which together with its affiliates
collectively owns approximately 1.5% of TriMas Corporation
(NasdaqGS: TRS), announced today that it has sent a letter to
Herbert K. Parker, the Chairman of
the Board of Directors of TriMas, urging the Board to immediately
retain a financial advisor to pursue strategic alternatives for the
Company.
The full text of Barington's letter to Mr. Parker is
available at https://barington.com/trimas
About Barington Capital Group, L.P.
Barington Capital Group, L.P. is a fundamental, value-oriented
activist investment firm established by James Mitarotonda in January 2000.
Barington invests in undervalued publicly traded companies that
Barington believes can appreciate significantly in value when
substantive improvements are made to their operations, corporate
strategy, capital allocation and corporate governance.
Barington's investment team, advisors and network of industry
experts draw upon their extensive strategic, operating and
boardroom experience to assist companies in designing and
implementing initiatives to improve long-term shareholder
value.
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SOURCE Barington Capital Group, L.P.