TriMas expects to reduce debt by $30 million in third quarter

By E. Janene Geiss

Philadelphia, Oct. 21 - TriMas Corp. said it expects total company debt to be down as much as $30 million in the third quarter, according to an 8-K filing with the Securities and Exchange Commission.

The company also told investors at an Oct. 19 meeting that planned cost reductions of its Cequent Transportation Accessories Group were on target with the company's goal of $15 million, according to the filing.

Officials added that its fourth-quarter EBITDA is expected to improve over a year-to-year basis, the filing said.

TriMas Corp. is a Bloomfield Hills, Mich.-based manufacturer of engineered products.

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