TriMas Packaging Selected To Partner With Leading Food And Beverage Brands
Portfolio Pulse from Benzinga Newsdesk
TriMas (NASDAQ:TRS) announced that its TriMas Packaging group is innovating in the packaging industry with new tethered cap designs. These designs are winning new business from global customers, including Coca-Cola and Granarolo. The new caps are sustainable, enhance consumer experience, and comply with the EU's Single-Use Plastics Directive. The 38mm sports drink cap for Coca-Cola is set to launch in mid-2024, and the lightweight cap for Granarolo's milk-based products is designed for easy use and recyclability.
December 13, 2023 | 4:02 pm
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TriMas Packaging, a part of TriMas Corporation, is expanding its portfolio with innovative tethered caps, securing new business with Coca-Cola and Granarolo. These developments are likely to enhance the company's reputation and market share in the sustainable packaging sector.
The announcement of new business awards from companies like Coca-Cola and Granarolo indicates a positive outlook for TriMas's growth and market presence, especially in the sustainable packaging sector. The compliance with EU regulations also suggests a competitive advantage in the European market, which could lead to increased demand for TriMas's products. This is likely to have a positive short-term impact on the company's stock price.
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