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TriMas’ Plans for Cequent Spin-Off Move Ahead

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Horizon Global Corp., the company created from TriMas’ spin-off of its Cequent businesses, has secured the ticker symbol “HZN” and plans to be listed on the New York Stock Exchange when it becomes a publicly-traded company.

The spin-off, which was previously announced in December 2014, is targeted to be completed in mid-2015.

Horizon Global will be comprised of TriMas’ Cequent Americas and Cequent APEA segments. These combined segments reported revenue of more than $600 million in 2014.

Horizon Global will have approximately 2,800 employees located at 20 facilities throughout the world.

Horizon Global’s management team, including Mark Zeffiro, president and CEO, and David Rice, chief financial officer, will be located in the new company’s headquarters in Bloomfield Hills, Mich.

In addition, Horizon Global has launched a new website: www.horizonglobal.com.

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