Launches Website www.horizonglobal.com
BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--
TriMas Corporation (NASDAQ: TRS) announced today that Horizon Global
Corporation, the newly created company to effect the 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 is a designer, manufacturer and distributor of a wide
variety of high-quality, custom-engineered towing, trailering, cargo
management and other related accessory products on a global basis,
serving the automotive aftermarket, retail and original equipment
channels. 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, with a 10% compound annual growth rate
from the end of 2010 through 2014. Horizon Global will have
approximately 2,800 employees located at 20 facilities throughout the
world. Horizon Global's management team, including A. Mark Zeffiro,
president and chief executive officer, and David Rice, chief financial
officer, will be located in the new company's headquarters in Bloomfield
Hills, Michigan.
In addition, Horizon Global has launched a new website: www.horizonglobal.com.
Links to the recent May 21, 2015 Investor and Analyst Day presentations,
as well as management biographies, can now be accessed there. In
addition, there is a link to yesterday's pre-effective amendment No. 1
to Form S-1 filing, which includes additional information on certain
spin-off agreements, along with Horizon Global's expected share count
and capital structure following completion of the spin-off.
"The Horizon Global team is excited to announce our new ticker symbol
"HZN" and our website. We are making great progress in preparing to
operate as a stand-alone company and are excited to bring another
Michigan-based company to the public markets," said Zeffiro. "The name
Horizon Global represents our focus on the horizon ahead of us and
commitment to delivering innovative products to our global customers.
All 2,800 employees working for our businesses are coming together as
Horizon Global, facing our customers as one global team. Our goal is to
better serve and grow with our customers, engage with our employees and
realize value creation for our shareholders."
The Company has filed a registration statement (including a prospectus)
with the SEC for the spin-off to which this communication relates. You
should read the prospectus in that registration statement and other
documents the issuer has filed with the SEC for more complete
information about the issuer and the spin-off. You may get these
documents for free by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, the Company will arrange to send you the prospectus if
you request it by contacting it a 248-631-5467.
About TriMas
Headquartered in Bloomfield Hills, Michigan, TriMas Corporation (NASDAQ:
TRS) provides engineered and applied products for growing markets
worldwide. TriMas is organized into six reportable segments: Packaging,
Energy, Aerospace, Engineered Components, Cequent APEA and Cequent
Americas. TriMas has approximately 7,000 employees at more than 60
facilities in 19 countries. For more information, visit www.trimascorp.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150528006641/en/
TriMas Corporation
Christine Parker
Manager, Investor
Relations & Communications
(248) 631-5438
christineparker@trimascorp.com
Source: TriMas Corporation
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