TriMas Corporation's Cequent Group to Close Albion Facility, Transfer Products to Tekonsha, Mich. and Reynosa, Mexico

BLOOMFIELD HILLS, Mich., July 7 -- TriMas Corporation today announced that Cequent Transportation Accessories Group, an operational unit of TriMas Corporation, plans to discontinue assembly, warehousing and distribution operations at its Cequent Electrical Products plant in Albion, Ind. The company expects to close the facility by the end of September 2005. Products currently assembled in Albion will be transferred to the Cequent Electrical Products facilities located in Tekonsha, Mich. and Reynosa, Mexico.

"Excess manufacturing capacity and very competitive market conditions led to the decision," said Bob Lewis, president, Cequent Electrical Products, Inc. "Our decision to close Albion commenced with the transfer earlier this year of molding operations to TriMas' Rieke Packaging operation in Hamilton, Ind." The closure will impact approximately 60 employees.

About TriMas

Plymouth, Mich.-based Cequent, a TriMas operating group, is a leading designer, manufacturer and marketer of a broad range of accessories for light trucks, sport utility vehicles, recreational vehicles, passenger cars and trailers of all types. Products include towing and hitch systems, trailer components and accessories, and electrical, brake, cargo-carrying and rack systems. Cequent draws upon a 75-year-old heritage of superior towing and trailer brands, including: Draw-Tite(R), Reese(R), Fulton(R), Wesbar(R), Bull Dog(R), Hidden Hitch(R) and Tekonsha(R). Cequent employs approximately 2,700 associates.

Headquartered in Bloomfield Hills, Mich., TriMas is a diversified growth company of high-end, specialty niche businesses manufacturing a variety of products for commercial, industrial and consumer markets worldwide. TriMas is organized into four strategic business groups: Cequent Transportation Accessories, Rieke Packaging Systems, Fastening Systems and Industrial Specialties. TriMas has nearly 5,000 employees at 80 different facilities in 10 countries. For more information, visit http://www.trimascorp.com/ .