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January 3, 2023
Plymouth-based Horizon Global Corp. has found a suitor after months of hemorrhaging money.Cleveland-based First Brands Group LLC has agreed to buy the trailer equipment manufacturer for $1.75 per share in an all-cash tender offer, according to a Tuesday news release.Horizon has about 27.7 million…
January 3, 2023
From Crain's Detroit Business: Horizon Global Corp. of Plymouth, Michigan, has found a suitor after months of hemorrhaging money. Cleveland-based First Brands Group agreed to buy the trailer equipment manufacturer for $1.75 per share in an all-cash tender offer.
November 22, 2022
Trailer equipment manufacturer Horizon Global Corp. has parted ways with its automotive supply veteran CEO amid an uncertain future for the troubled Plymouth-based company, including a possible sale.Board Chair John Kennedy, 64, a prominent West Michigan businessman and Republican booster, replaces…