TriMas Corp has acquired Theodore Bargman Co, a manufacturer of lighting products, electrical accessories, access doors, locks, and latches for the recreational vehicle market. Financial terms were not disclosed.
Albion IN-based Bargman was part of the Dana Towing Systems divestiture of Tekonsha, a manufacturer and supplier of proportional brake controls that was acquired by TriMas in January 2003.
Bargman's estimated annual sales for the 12 months ended December 2003 were $12.8 million. The company, which most recently was controlled by a private equity firm, The Riverside Co, will be integrated into TriMas' Cequent Transportation Accessories Group.
In the 1930s, Bargman was founded in Detroit MI by Theodore and Mina Bargman.