Trifast strengthens its Global offering

Over the last three years, Trifast has successfully restructured its operations across its European, Asian and US businesses.

An essential element of the TR management growth strategy is to identify and selectively acquire profitable, "self-managing bolt-on" businesses that either, extend its product range or offer niche opportunities as well as being earnings enhancing for the Group.

In December 2011, we completed the acquisition of Power Steel and Electro-Plating Works Sdn. Bhd. ("PSEP"), a manufacturer of higher value and technically sophisticated cold forged components used within the automotive, motorcycle and compressor industries in the Asian region.

The business started standard manufacturing in 1973 producing parts for local consumption. In 1982, it diversified into technically advanced fasteners and focusing on complex customised steel fastener production which enabled PSEP to supply the then emerging automotive industries in Malaysia which include Perodua and Proton.

Today, PSEP is considered to be one of the most advanced fastener manufacturers in the Asian region and this recognition is supported by the stability of its customer base, which is complementary to Trifast's customer base, coupled with PSEP's strong balance sheet and excellent track record.

We have already been benefiting from our long established business relationship and now, together, we have strengthened our service offering and from here, we can capitalise on the opportunities for the combined business within the Asian territories as well as internationally.

"By adding TR's Global sales & marketing resources to the excellent PSEP model we will see further utilisation of their capacity and an increase in our Asian capabilities"