First Reserve to acquire Lamons from TriMas for $135m.

First Reserve, a private equity firm, is set to acquire Lamons, a provider of industrial sealing and fastener solutions, from TriMas Group, a diversified manufacturer of consumer products, for $135m. The closing is expected to occur by the end of the first quarter of 2020, and remains subject to customary regulatory approvals and closing conditions. "As Lamons moves into the next phase of growth and development, we believe this business will benefit from First Reserve’s focus and expertise in energy-related end markets. I am pleased that we have secured a buyer for which Lamons will be an ideal fit,” Thomas Amato, TriMas President and CEO.