TriMas’ Rieke Business Celebrates 100-Year Milestone

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[{"type":"text","content":"\nFuture of TriMas Packaging Focused on Growth, Innovation and Sustainability\n\n BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--\nTriMas (NASDAQ: TRS) today announced that Rieke®, part of its TriMas Packaging group, is celebrating its 100-year anniversary. Rieke is an innovative leader in the development and manufacture of specialty dispensing and closure products for applications in the beauty and personal care, food and beverage, pharmaceutical and nutraceutical, industrial and home care end markets.\n\n“For the past century, Rieke has provided customers with innovative products of remarkable quality and value,” said Thomas Amato, TriMas President and Chief Executive Officer. “As one of only a few packaging companies to reach this milestone, Rieke has proven it has a unique ability to adapt and refocus its business model across generations, successfully managing through economic cycles to remain a front runner in developing new products to provide innovative solutions to its customers. Recent examples of Rieke’s new product introductions include a fully recyclable, single polymer dispenser and an e-commerce locking dispenser. This centennial anniversary is a testament to our market-leading innovation, talented and committed employees, and strong customer relationships, which combined, have fueled Rieke’s growth and success over the past 100 years.”\n\nRieke was founded in 1921 by Theodore W. Rieke, an engineer who innovated a new closure approach that revolutionized the durability and performance of industrial drums. In 1978, Rieke was acquired by Masco Corporation, which provided capital to facilitate Rieke’s global expansion through organic investments and acquisitions. Ultimately, Rieke was a key catalyst of Masco’s formation of TriMas Corporation in 1988, where today, along with other brands in TriMas’ Packaging group, Rieke represents the majority of TriMas’ revenue. Over the past 100 years, Rieke has evolved from its industrial roots to a leading global provider of a broad range of dispenser and closure solutions for a diverse set of end markets. Today, Rieke and its related brands have grown to more than one-half of a billion dollars in annual revenue, with 20 global locations and approximately 2,000 dedicated employees.\n\n“As we begin the next phase of Rieke’s growth, we look forward to expanding our product offering glob...

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