Activist Barington urges TriMas to divest non-core assets, Bloomberg says

Activist Barington Capital has a stake in TriMas and is urging the company to focus on its packaging business and divest non-core assets, believing its multi- segment business model isn’t delivering value to shareholders, Crystal Tse of Bloomberg reports, citing Barington CEO James Mitarotonda’s presentation at the Bloomberg Activism Forum. Barington thinksTriMas’ aerospace unit is at a long-term disadvantage because it remains subscale relative to rivals, notes Tse. The company should improve its margins for the segment and sell it in 2025, Mitarotonda said Monday. Shares of TriMas are up 40c to $26.04 in late day trading.