TriMas Corp. (Nasdaq: TRS) is buying Allfast Fastening Systems Inc. for $360 million.

Allfast, headquartered in City of Industry, California, manufactures solid and blind rivets, blind bolts, temporary fasteners and installation tools for the aerospace industry. The company generated about $55 million in revenue for the 12 months ended August 2014. The purchase price works out to a multiple between 12x and 13x projected 2015 pro forma Ebitda.

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