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Horizon Global

Horizon Global is the #1 designer, manufacturer and distributor of a wide variety of high quality, custom-engineered towing, trailering, cargo management and other related accessory products in North America, Australia and Europe. The Company serves OEMs, retailers, dealer networks and the end consumer as the category leader in the automotive, leisure and agricultural market segments. Horizon provides its customers with outstanding products and services that reflect the Company's commitment to market leadership, innovation and operational excellence. The Company’s mission is to utilize forward-thinking technology to develop and deliver best-in-class products for our customers, engage with our employees and realize value creation for our shareholders.

Horizon Global is home to some of the world’s most recognized brands in the towing and trailering industry, including: Reese, Draw-Tite, Westfalia, Hayman-Reese, Bulldog, Tekonsha, Fulton and Rola. Horizon Global has approximately 4,700 employees, 67 facilities, and 21 countries

Spotlight News

Horizon Global Announces Termination of Brink Acquisition Agreement
Horizon Global announced that the Company and H2 Equity Partners have mutually agreed to terminate the Brink Group acquisition agreement, effective June 14, 2018. As part of the termination agreement, Horizon Global agreed to pay a break fee to the Brink Group in the amount of €4.75 million.
The acquisition will be withdrawn from regulatory review in Germany and the U.K.
Download the Press Release

Latest News

04/04/2019
Horizon Global Announces Expansion of Its Board of Directors
Dateline City:
TROY, Mich.
  • Six New Independent Directors Appointed with Operational, Turnaround and Financial Expertise
  • John Kennedy Named as Independent Board Chair
  • Four Directors Announce Retirement

TROY, Mich.--(BUSINESS WIRE)--Horizon Global Corporation (NYSE: HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, today announced its Board of Directors has unanimously approved significant changes to its Board composition and leadership to fulfill certain obligations related to the Company’s recently completed $51 million second lien term loan.

Language:
English
Contact:

Christi Cowdin
Director, Corporate Communications & Investor Relations
(248) 593-8810
ccowdin@horizonglobal.com

Ticker Slug:
Ticker:
HZN
Exchange:
NYSE

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03/25/2019
Horizon Global Announces NYSE Acceptance of Continued Listing Compliance Plan
Dateline City:
TROY, Mich.

TROY, Mich.--(BUSINESS WIRE)--Horizon Global Corporation (NYSE: HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, today announced that the New York Stock Exchange (NYSE) notified the Company that it has accepted Horizon’s business plan to regain compliance with the NYSE continued listing standards.

Language:
English
Contact:

Christi Cowdin
Director, Corporate Communications & Investor Relations
(248) 593-8810
ccowdin@horizonglobal.com

Ticker Slug:
Ticker:
HZN
Exchange:
NYSE

read more



03/18/2019
Horizon Global Reports Financial Results for the Fourth Quarter and Full Year 2018
Dateline City:
TROY, Mich.

Business Update

  • Completed term loan amendment to allow for increased covenant flexibility
  • Completed second lien term loan agreement to provide additional liquidity to support 2019 business plan
  • Named Barry Steele permanent Chief Financial Officer
  • Net sales of $850.0 million, down 4.8 percent
    • Net sales declined 6.0 percent in constant currency(1)
  • Operating loss of $170.4 million, or 20.0 percent of net sales,
    • Adjusted operating profit(2) of $5.3 million, or 0.6 percent of net sales
  • Diluted loss per share of $8.14
    • Adjusted diluted loss per share(3) of $1.38

TROY, Mich.--(BUSINESS WIRE)--Horizon Global Corporation (NYSE: HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, today reported fourth quarter and full-year financial results for 2018.

Language:
English
Contact:

Christi Cowdin
Director, Corporate Communications & Investor Relations
(248) 593-8810
ccowdin@horizonglobal.com

Ticker Slug:
Ticker:
HZN
Exchange:
NYSE

read more



03/15/2019
Horizon Global Announces Successful Raise of Additional Liquidity and Amendment of Its Existing Term Loan Credit Agreement
Dateline City:
TROY, Mich.

TROY, Mich.--(BUSINESS WIRE)--Horizon Global Corporation (NYSE: HZN), the world’s leading manufacturer of branded towing and trailering equipment, today announced the closing of a new financing agreement to provide additional liquidity and an amendment of its existing term debt agreement to relax financial covenants, including the following:

Language:
English
Contact:

Christi Cowdin
Director, Corporate Communications & Investor Relations
(248) 593-8810
ccowdin@horizonglobal.com

Ticker Slug:
Ticker:
HZN
Exchange:
NYSE

read more